1) A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Units in beginning inventory	0
Units produced	4,850
Units sold	4,750
Units in ending inventory	100

Variable costs per unit:

Direct materials	$	58
Direct labor	$	60
Variable manufacturing overhead	$	23
Variable selling and administrative	$	21

Fixed costs:

Fixed manufacturing overhead	$	101,850
Fixed selling and administrative	$	47,500

What is the net operating income for the month under the absorption costing and variable costing?