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: Calculate standard net operating income.
A)$14,990
B)$16,260
C)$13,975
D)$87,740

Question

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:  Calculate standard net operating income.
A)$14,990 
B)$16,260 
C)$13,975 
D)$87,740

Quizplus · Accepted Answer

The Answer of 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:  Calculate standard net operating income.
A)$14,990 
B)$16,260 
C)$13,975 
D)$87,740

Alpine Productions Uses a Standard Costing System for Recording Transactions