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 manufacturing overhead	$10.00
Variable selling and administrative	$10.00
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?

$130,400

$(81,600)

$106,400

$24,000