Best Fender, which uses a standard cost system, manufactured 20,000 boat fonders during 2024. The 2024 revenue and cost information for Best follows: (Cick the icon to view the revenue and cost information.) Assume each fender produced was sold for the standard price of $70, and total selling and administrative costs were $550,000. Prepare a standard cost income statement for 2024 for Best Fender: (Use a minus sign or parenthoses to enter any contra expenses. Enter all other amounts as positive numbers.) \begin{tabular}{lr} \hline Sales Revenue & 1,400,000 \\ Cost of Goods Sold (at standard) & 197,100 \\ Direct materials cost variance & 7,050F \\ Direct materials efficiency variance & 5,850U \\ Direct labor cost variance & 460U \\ Direct labor efficiency variance & 570F \\ Variable overhead cost variance & 850U \\ Variable overhead efficiency variance & 400F \\ Fixed overhead cost variance & 2,680U \\ Fixed overhead volume variance & 4,560U \\ \hline \end{tabular}