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 Direct materials cost variance Direct materials efficiency variance Direct labor cost variance Direct labor efficiency variance $4,100 20 325 TIC TIC TI 75 10 325 75 10 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 TCTCT 300 80 410 130 F What is the net operating income on a standard cost income statement? O A. $321,340 OB. $217,240 OC. $221,340 O D. $217,500