Superior Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2024. The 2024 revenue and cost information for Superior follows: (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 $150,000. Prepare a standard cost income statement for 2024 for Superior Fender. (Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts 88 positive numbers.) Groes Profit Operating Income (Loss) Superior Fender Standard Cost Income Statement Data table For the Year Ended December 31, 2024 Sales Revenue Cost of Goods Sold (at standard) Direct materials cost variance $ 700,000 197,100 7,560 F Direct materials efficiency variance Direct labor cost variance 5,450 U 460 U Direct labor efficiency variance 560 F Variable overhead cost variance 910 U Variable overhead efficiency variance 400 F Fixed overhead cost variance Fixed overhead volume variance 2,210 U 4,160 U Print Done