Question 11 Not yet we Marked 200 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 200 Direct materials efficiency variance 325 F Direct labor cost variance 75 U Direct labor efficiency variance 10 F Variable overhead cost variance 300 U Variable overhead efficiency variance 80F Fixed overhead cost variance 410U Fixed overhead volume variance 130 F What is the net operating income on a standard cost income statement? Select one O A $217.240 B. $221,340 C. 5321,340 D. $217,500