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.