Premium Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018. The 2018 revenue and cost information for Premium follows: (Click the icon to view the revenue and cost information.) Assume each fender produced was sold for the standard price of $75, and total selling and administrative costs were $300,000. Prepare a standard cost income statement for 2018 for Premium Fender. (Use a minus sig parentheses to enter any contra expenses. Enter all other amounts as positive numbers.) X Premium Fender Data Table Standard Cost Income Statement For the Year Ended December 31, 2018 Sales Revenue $ 1,500,000 192,500 Cost of Goods Sold (at standard) Direct materials cost variance 7,250 F Direct materials efficiency variance 5,250 U Direct labor cost variance 440 U 590 F 940 U Direct labor efficiency variance Variable overhead cost variance Variable overhead efficiency variance Fixed overhead cost variance Fixed overhead volume variance 300 F 2,240 U 4,860 U Print Done Gross Profit hoose from any list or enter any number in the input fields and then continue to the next