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

Selling Price	$220
Units in beginning inventory	0
Units produced	4,400
Units sold	2,400
Units in ending inventory	2,000
Variable costs per unit:
Direct materials	$29.00
Direct labor	$45.00
Variable manufaturing overhead	$10.00
Variable selling and administative	$10,000
Fixed costs:
Fixed manufacturing overhead	$120,000
Fixed selling and administrative	$76,000

What is the net operating income (loss) for the month under variable costing? $(81,600) $106,400 $24,000 $130,400