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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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