Alpine Productions uses a standard cost system for recording transactions
Alpine reported the following data for the year ended December 31:
Sales revenues: $800,000
Cost of goods sold (standard costing): $382,000
Selling & admin expenses: $105,000
Variances:
Sales revenue variance $4,100 F
Direct materials cost variance 30 U
Direct materials efficiency variance 300 F
Direct labor cost variance 65 U
Direct labor efficiency variance 10 F
Variable overhead cost variance 300 U
Variable overhead efficiency variance 80 F
Fixed overhead cost variance 430 U
Fixed overhead volume variance 100 F
What is the standard net operating income?
A) $312,665
B) $316,765
C) $421,765
D) $313,000
B .
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