Alpine Productions Uses a Standard Costing System for Recording Transactions

Multiple Choice

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