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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
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
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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Deprecated Author
wrote...
#2
7 years ago
This was certainly a tough question, loving the expertise
wrote...
#3
7 years ago
I'm liking this Slight Smile
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#4
3 years ago
thanks for the help!
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