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Other Fields Homework Help Accounting Topic started by: Deprecated on Sep 21, 2016



Title: Alpine Productions uses a standard cost system for recording transactions. Alpine reported the ...
Post by: Deprecated on Sep 21, 2016
Alpine Productions uses a standard cost system for recording transactions. Alpine reported the following data for the year ended December 31:
Sales revenues: $800,000
Cost of goods sold (standard costing): $382,000
Selling & admin expenses: $105,000

Variances:

Sales revenue variance   $4,100   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   80   F
Fixed overhead cost variance   430   U
Fixed overhead volume variance   100   F

What is the standard net operating income?
A) $313,000
B) $421,765
C) $316,765
D) $312,665


Title: Re: Alpine Productions uses a standard cost system for recording transactions. Alpine reported the ...
Post by: Mrgo-breed on Sep 21, 2016
Content hidden


Title: Re: Alpine Productions uses a standard cost system for recording transactions. Alpine reported the ...
Post by: Deprecated on Oct 12, 2016
This was certainly a tough question, loving the expertise


Title: Re: Alpine Productions uses a standard cost system for recording transactions. Alpine reported the ...
Post by: Mrgo-breed on Oct 16, 2016
I'm liking this :)


Title: Re: Alpine Productions uses a standard cost system for recording transactions. Alpine reported the ...
Post by: Amanda Ng on Jul 24, 2020
thanks for the help!