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:
$\begin{array}{|l|r|c|}\hline \text { Sales Revenue } & \$ 4,000 & \mathrm{~F} \\\hline \text { Direct Materials Cost Variance } & 20 & \mathrm{U} \\\hline \text { Direct Materials Efficiency Variance } & 300 & \mathrm{~F} \\\hline \text { Direct Labor Cost Variance } & 75 & \mathrm{U} \\\hline \text { Direct Labor Efficiency Variance } & 10 & \mathrm{~F} \\\hline \text { Variable Overhead Cost Variance } & 225 & \mathrm{U} \\\hline \text { Variable Overhead Efficiency Variance } & 80 & \mathrm{~F} \\\hline \text { Fixed Overhead Cost Variance } & 420 & \mathrm{U} \\\hline \text { Fixed Overhead Volume Variance } & 110 & \mathrm{~F}\\\hline\end{array}$ Calculate standard net operating income.

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