Premium Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2024. The 2024 revenue and cost information for Premium follows:

Assume each fender produced was sold for the standard price of $75, and total selling and administrative costs were $450,000. Prepare a standard cost income statement for 2024 for premium fender.

(Use a minus sign or parentheses to any contra expenses. Enter all other amounts as positive numbers,

Premium Fender Standard Cost Income Statement For the Year Ended December 31, 2024 Data table Sales Revenue Cost of Goods Soldat standard Direct materials cost variance Direct materiale efficiency variance Direct labor cool variance Direct labor officiency variante Variable overhead cost variance Variable overhead officiency variance Fixed overhead cost variance Fixed overhead volume variance $1,500,000 193 600 7.050F 6,450 480U 500 200 450F 2,4100 47100 Gross Pro Print Done Operating Income (Loss)