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14. Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 108 Units
14. Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price | $ | 108 | |
Units in beginning inventory | 0 | ||
Units produced | 8,900 | ||
Units sold | 8,500 | ||
Units in ending inventory | 400 | ||
Variable costs per unit: | ||
Direct materials | $ | 17 |
Direct labor | $ | 59 |
Variable manufacturing overhead | $ | 5 |
Variable selling and administrative expense | $ | 9 |
Fixed costs: | ||
Fixed manufacturing overhead | $ | 133,500 |
Fixed selling and administrative expense | $ | 8,700 |
What is the net operating income (loss) for the month under variable costing?
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