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Business, 16.03.2020 18:03 Reebear1447

Alpine Productions uses a standard cost system for recording transactions. Alpine reported the following data for the year ended December 31: Sales revenues: $ 550 comma 000 Cost of goods sold (standard costing): $ 382 comma 500 Selling & administrative expenses: $ 90 comma 000 Variances: Sales revenue variance $ 4 comma 200 F Direct materials cost variance 30 U Direct materials efficiency variance 300 F Direct labor cost variance 65 U Direct labor efficiency variance 10 F Variable overhead cost variance 300 U Variable overhead efficiency variance 90 F Fixed overhead cost variance 430 U Fixed overhead volume variance 110 F What is the net operating income on a standard cost income statement?

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