Alpine Productions Uses a Standard Cost System for Recording Transactions

Multiple Choice

Alpine Productions uses a standard cost system for recording transactions.Alpine reported the following data for the year ended December 31: Sales revenues: $550,000
Cost of goods sold (standard costing) : $382,000
Selling & admin expenses: $90,000
Variances:
$$\begin{array} { | l | r | c | } \hline \text { Sales revenue variance } & \$ 4,100 & \mathrm {~F} \\\hline \text { Direct materials cost variance } & 10 & \mathrm { U } \\\hline \text { Direct materials efficiency variance } & 250 & \mathrm {~F} \\\hline \text { Direct labor cost variance } & 65 & \mathrm { U } \\\hline \text { Direct labor efficiency variance } & 30 & \mathrm {~F} \\\hline \text { Variable overhead cost variance } & 225 & \mathrm { U } \\\hline \text { Variable overhead efficiency variance } & 95 & \mathrm {~F} \\\hline \text { Fixed overhead cost variance } & 410 & \mathrm { U } \\\hline \text { Fixed overhead volume variance } & 130 & \mathrm {~F} \\\hline\end{array}$$ What is the standard net operating income?

A) $77,795
B) $81,895
C) $171,895
D) $78,000