Alpine Productions uses a standard costing system for recording transactions. Alpine reported the following data for the
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Question:
Alpine Productions uses a standard costing system for recording transactions. Alpine reported the following data for the year ended December 31, 2015:
Sales revenues: $500,000
Cost of goods sold (standard costing): $382,500
Marketing & admin expenses: $105,000
Variances:
Calculate standard net operating income.
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