Caplico Company has prepared the following sales budget: Month Budgeted Sales March $400,000 April 207,000 May 241,000 June 248,000 Cost of goods sold is budgeted at 40% of sales, and the inventory at the end of February was $34,000. Desired inventory levels at the end of each month are 10% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? A. $24,800 B. $9,640 C. $9,920 D. $96,400

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 & admin expenses: $105,000 Variances: Sales revenue variance $4,100 F Direct materials cost variance 30 U Direct materials efficiency variance 300 F Direct labor cost variance 65 U Direct labor efficiency variance 10 F Variable overhead cost variance 300 U Variable overhead efficiency variance 80 F Fixed overhead cost variance 430 U Fixed overhead volume variance 100 F What is the standard net operating income? A. $313,000 B. $312,665 C. $421,765 D. $316,765