Deluxe Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018. The 2018 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 $70, and total selling and administrative costs were $650,000. Prepare a standard cost income statement for 2018 for Deluxe Fender. (Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts as positive numbers.) Deluxe Fender 1 Data Table Standard Cost Income Statement For the Year Ended December 31, 2018 Sales Revenue $ 1,400,000 198,500 7,050 F 5,350 U 470 U Cost of Goods Sold (at standard) Direct materials co variance Direct materials efficiency variance Direct labor cost variance Direct labor efficiency variance Variable overhead cost variance Variable overhead efficiency variance Fixed overhead cost variance Fixed overhead volume variance 580 F 950 U 300 F 2,830 U 4,320 U Print Done