deluxe fender cost system

Deluxe Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2024. The 2024 revenue and cost information for Deluxe follows: Click the icon to view the revenue and cost information) Assume each fender produced was sold for the standard price of $45, and total selling and administrative costs were $600,000. Prepare a standard cost income statement for 2024 for Deluxe Fender. (Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts as positive numbers.) Deluxe Fender Standard Cost Income Statement For the Year Ended December 31, 2024 BC 60 40 420 bel Sales Revenue $ $ 900,000 Cost of Goods Sold (at standard) 197,100 Direct materials cost variance 7,950 F 5,250 U Direct materials efficiency variance Direct labor cost variance 470 U 510 F Direct labor efficiency variance Variable overhead cost variance 940 U 460 F Variable overhead efficiency variance Fixed overhead cost variance Fixed overhead volume variance 2,680 U 4,160 U Print Done