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:

Question

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:

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The Answer of 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:

Alpine Productions Uses a Standard Costing System for Recording Transactions;