Alpine Productions Uses a Standard Costing System for Recording Transactions

Alpine Productions uses a standard costing system for recording transactions. Alpine reported the following data for the year ended December 31, 2015: Sales revenues: $500,000
Cost of goods sold (standard costing) : $382,500
Marketing & admin expenses: $105,000
Variances:
$$\begin{array} { | l | r | l | } \hline \text { Sales Revenue } & \$ 4,000 & \text { F } \\\hline \text { Direct Materials Cost Variance } & 20 & \text { U } \\\hline \text { Direct Materials Efficiency Variance } & 300 & \text { F } \\\hline \text { Direct Labor Cost Variance } & 75 & \text { U } \\\hline \text { Direct Labor Efficiency Variance } & 10 & \text { F } \\\hline \text { Variable Overhead Cost Variance } & 225 & \text { U } \\\hline \text { Variable Overhead Efficiency Variance } & 80 & \text { F } \\\hline \text { Fixed Overhead Cost Variance } & 420 & \text { U } \\\hline \text { Fixed Overhead Volume Variance } & 110 & \text { F } \\\hline\end{array}$$ Calculate standard net operating income.

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