Alpine Productions Uses a Standard Cost System for Recording Transactions

question 32

Multiple Choice

Alpine Productions uses a standard cost system for recording transactions.Alpine reported the following data for the year ended December 31:
Sales revenues: $700,000
Cost of goods sold (standard costing) : $382,500
Selling & administrative expenses: $100,000
Variances:

What is the net operating income on a standard cost income statement?

• A)$217,240
• B)$221,340
• C)$321,340
• D)$217,500

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