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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Definitions:

Pupil Size

The diameter of the pupil, which changes in response to light intensity and certain emotional states to regulate the amount of light entering the eye.

Adjusts

Modifies or alters something in order to achieve accuracy or maintain optimal functionality.

Exclusively Sensory

Pertaining to nerves or pathways that carry sensory information only, without involvement in motor function.

Vestibulocochlear

Relating to the eighth cranial nerve that is responsible for hearing and balance, connecting the inner ear to the brain.