= Homework: Chapter M:6 Homework Question 4, EM6-24 (sim... HW Score: 0%, 0 of 4 points O Points: 0 of 1 O Save Best Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2024. The 2024 revenue and cost information for Best 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 $450,000. Prepare a standard cost Income statement for 2024 for Best Fender. (Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts as positive numbers.) Standard Cost Income Statement For the Year Ended December 31, 2024 -X Data table $ 700,000 197, 100 7,050 F 5,780 U 410 U 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 varlance Fixed overhead volume variance 520 F 690 U 750 F 2,950 U 4,560 U Gross Profit Operating Income (Loss) Print Done Help me solve this Etext pages Get more help Cicalfall Check