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Caterlebe Productions Uses a Standard Costing System

Question 27

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Caterlebe Productions uses a standard costing system. At the end of 2015, the following details are found in their books.
Sales Revenues: $750,000
Cost of Goods Sold (standard costing): $400,500
Marketing & Admin expenses: $150,000
Variances: Caterlebe Productions uses a standard costing system. At the end of 2015, the following details are found in their books. Sales Revenues: $750,000 Cost of Goods Sold (standard costing): $400,500 Marketing & Admin expenses: $150,000 Variances: Calculate the standard net operating income. Calculate the standard net operating income.

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