Bargain Fender, which uses a standard cost system, manufactured 20,000 boat fenders duning 2018. The 2018 revenue and cost information for Bargain follows: (Click the icon to view the revenue and cost information.) Assume each fender produced was sold far the standard price of $40, and sotal selling and administrative costs were $150,000. Prepare a standard cost income statement for 2018 for Bargain Fender. (Use a minus sign or parentheses to enter any contra expense Bargain Fender Standard Cost Income Statement For the Year Ended December 31, 2018 O Data Table Saies Revenue Cost of Goods Sold (at standard) Direct materiais cost variance Direct materiails efficiency variance Direct labor cost variance $ 800,000 194,100 7,750 F 5,960 U 490 U 570 F 940 U 460 F 2,830 U 4,320 U Gross Profit Direct labor efficiency variance Operating Income (Loss) Variable overhead cost variance Variable overhead efficiency variance Fixed overhead cost vanance Fixed overhead volume variance Print Done Choose from any list or enter any number in the input fields and then click Check Answer Clear All