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 & administrative expenses: $90,000 Variances: Sales revenue variance $4,300 Direct materials cost variance 10 Direct materials efficiency variance 300 Direct labor cost variance 80 CCT F U F U Direct labor efficiency variance 30 F Variable overhead cost variance 225 U Variable overhead efficiency variance 80 F Fixed overhead cost variance 440 U Fixed overhead volume variance 100 F What is the net operating income on a standard cost income statement? A. $332,055 B. $422,055 C. $327,755 D. $328,000