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

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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 $55, and total selling and administrative costs were $550,000. Prepare a standard cost income statement for 2024 for Premium Fender. (Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts as positive numbers.) Data table

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