Quality Fender, which uses a standard cost system, manufactured 20,000 boat fonders during 2018. The 2018 revenue and cost information for Quality follows: lick the icon to view the revenue and cost information) Assume each fender produced was sold for the standard price of $36, and total seling and administrative costs were $450,000. Prepare a standard cost income statement for 2018 for Quality Fender. (Use a minus sign or peren any contra perses. Ente all other amounts as positive numbers.) Quality Fender Standard Cost Income Statement For the Year Ended December 31, 2018 Gross Peel Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Check Answ t fenders during 2018. The 2018 revenue and cost information for Quality follows: al selling and administrative costs were $450,000. Prepare a standard cost income statement for 2018 for i Data Table Sales Revenue Cost of Goods Sold (at standard) Direct materials cost 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 700,000 194,100 7,350 F 5,350 U 430 U 510 F 740 U 380 F 2,830 U 4,790 U Fixed overhead volume variance Print Done blick Check Answer Clear All