Alpine Productions uses a standard cost system for recording transactions. Alpine reported the following data for the year ended December 31: Sales revenues: $700,000 Cost of goods sold (standard costing $382,500 Selling & administrative expenses: $100,000 Variances: Sales revenue variance $4100 F Direct materials cost variance 20 U Direct materials efficiency variance 325 F Direct labor cost variance 75 U Direct labor efficiency variance 10 F Variable overhead cost variance U Variable overhead efficiency variance 80 F Fixed overhead cost variance 410 U Fixed overhead volume variance 130 F What is the net operating income on a standard cost income statement? 300 Select one: A $321,340 B. $217,240 C. $217,500 D. $221,340