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.

Sales Revenue Direct Materials Cost Variance Direct Materials Efficiency Variance Direct Labor Cost Variance Direct Labor Efficiency Variance Variable Overhead Cost Variance Variable Overhead Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance $4,000 F 20 U 300 F 75 U 10 F 225 U 80 F 420 U 110 F