Quality Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018. The 2018 revenue a Click the icon to view the revenue and cost information.) Assume each fender produced was sold for the standard price of $35, and total selling and administrative costs were $20 any contra expenses. Enter all other amounts as positive numbers.) Quality Fender Standard Cost Income Statement For the Year Ended December 31, 2018 $ 700.000 199,200 Sales Revenue Cost of Goods Sold at standard Manufacturing Cost Variances: 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 Total Manufacturing Cost Variances Cost of Goods Sold at actual Cost of Goods Sold at standard Choose from any list or enter any number in the input fields and then click Check Answer All parts showing SOS d su luard cost system, anufactured 20,000 boat fenders during 2 they d total selling and admir $ Assu Cost of Goods Sold at actual any Cost of Goods Sold at standard Sale Direct Labor Cost Variance Cos Direct Labor Efficiency Variance Direct Materials Cost Variance Mar Direct Materials Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance Manufacturing Cost Variances: Sales Revenue Selling and Administrative Expenses Total Manufacturing Cost Variances Variable Overhead Cost Variance Variable Overhead Efficiency Variance Cost of Goods Sold at actual Cost of Goods Sold at standard Gross Profit Selling and Administrative Expenses Operating Income (Loss) Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Quality Fender, which uses a standard cost system, manufactured 20,000 boat fenders de (Click the icon to view the revenue and cost information.) Assume each fender produced was sold for the standard price of $35, and total selling and any contra expenses. Enter all other amounts as positive numbers.) Sales Revenue Cost of Goods Sold at standard $ 199,20 Manufacturing Cost Variances: 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 Gross Profit Selling and Administrative Expenses Operating Income (Loss) Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing ders during 2018. The 2018 revenue and cost information for Quality follows: lling and administrative costs were $200.000 Drenare a standard cost income statem Data Table Sales Revenue $ 700,000 Cost of Goods Sold (at standard) 199,200 Direct materials cost variance 7,850 F 5,150 U Direct materials efficiency variance Direct labor cost variance 410 U 510 F Direct labor efficiency variance Variable overhead cost variance Variable overhead efficiency variance Fixed overhead cost variance 740 U 400 F Fixed overhead volume variance 2,240 U 4,560 U Print Done Chack now Quality Fender, which uses a standard cost system, manutactured 20,000 boat fonders during 2018. The 2018 revenue and cost information for Quality follows: Click the icon to view the reverse and cost information) Assume each fender produced was sold for the standard price of $35, and total selling and administrative costs were $200,000. Prepare a standard cont income statement for 2018 for Qualty Fender (Use a mi any contra expenses Enteral other amounts as positive numbers) Sales Revenue $ 700,000
