Use the following information to prepare a standard cost income statement for Longman Company for 2024. (Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts as positive numbers.) (Click the icon to view the information.) Gross Profit Longman Company Standard Cost Income Statement For the Year Ended December 31, 2024 Operating Income 5. Data table Cost of Goods Sold (at standard) $ Sales Revenue (at standard) 365,000 Direct Labor Efficiency Variance 540,000 Variable Overhead Efficiency Variance $18,000 F 3,200 U Direct Materials Cost Variance 7,800 U Fixed Overhead Volume Variance 12,400 F Direct Materials Efficiency Variance 2,200 U Selling and Administrative Expenses 76,000 Direct Labor Cost Variance 48,000 U Variable Overhead Cost Variance 1,100 F Fixed Overhead Cost Variance 2,200 F Print Done Standard Cost Income Statement For the Year Ended December 31, 2024 Cost of Goods Sold at actual Cost of Goods Sold at standard Direct Labor Cost Variance Direct Labor Efficiency Variance Direct Materials Cost Variance Direct Materials Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance Manufacturing Cost Variances: Sales Revenue Selling and Administrative Expenses Total Manufacturing Cost Variances Variable Overhead Cost Variance Variable Overhead Efficiency Variance