Alpine Productions Uses a Standard Costing System for Recording Transactions;

question 38

Multiple Choice

Alpine Productions uses a standard costing system for recording transactions; they also prepare an internal-use income statement using standard cost methodology. At the end of 2011, Alpine reported the following data: Variances:
Using standard costing methodology, the net operating income is:

• A)$14,990.
• B)$16,260.
• C)$13,975.
• D)$87,740.

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Definitions:

Active RFID Codes

Radio-frequency identification tags that have their own power source, allowing them to transmit data over longer distances than passive RFID tags.

Track

To monitor or follow the progress or movement of an object, individual, or trend over time.

Pencils

Pencils are writing instruments that use graphite (or a similar substance) encased in wood or a composite material to mark surfaces, primarily paper.

Passive RFID Codes

Tags that do not contain their own power source but are activated and powered by the radio frequency energy from the RFID reader.