All-Star Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018.

Assume each fender produced was sold for the standard price of $45, and total selling and administrative costs were $200,000. Prepare a standard cost income statement for 2018 for AllStar Fender.

Please prepare a standard cost income statement for 2018 for AllStar Fender.

Thank you in advance!

$ 900,000 192,500 7,350 F Sales Revenue Cost of Goods Sold (at standard) Direct materials cost variance Direct materials efficiency variance Direct labor cost variance Direct labor efficiency variance Variable overhead cost variance 5,750 U 470 U 500 F 910 U Variable overhead efficiency variance Fixed overhead cost variance 490 F 2,680 U 4,790 U Fixed overhead volume variance All-Star Fender Standard Cost Income Statement For the Year Ended December 31, 2018 Gross Profit