Points: 0 of 25 Grand Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2024. The 2024 revenue and cost information for Grand follows: (Click the icon to view the revenue and cost information.) Assume each fender produced was sold for the standard price of $60, and total selling and administrative costs were $450,000. Prepare a standard cost income statement for 2024 for Grand Fender. (Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts as positive numbers.) Grand Fender . X Standard Cost Income Statement Data table For the Year Ended December 31, 2024 Sales Revenue Sales Revenue $ 1,200,000 Cost of Goods Sold at standard Cost of Goods Sold (at standard) 197,100 Direct Materials Cost Variance Direct materials cost variance 7,050 F Direct Materials Efficiency Variance Direct materials efficiency variance 5,750 U Direct Labor Cost Variance Direct labor cost variance 430 U Direct Labor Efficiency Variance Direct labor efficiency variance 510 F Variable Overhead Cost Variance Variable overhead cost variance 820 U Variable Overhead Efficiency Variance Variable overhead efficiency variance 300 F Fixed Overhead Cost Variance Fixed overhead cost variance 2,410 U Fixed Overhead Volume Variance Fixed overhead volume variance 4,690 U Cost of Goods Sold at actual Total Manufacturing Cost Variances Print Done Gross Profit Selling and Administrative Expenses Operating Income (Loss)