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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $130 Units in
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price | $130 |
Units in beginning inventory | 0 |
Units produced | 6,050 |
Units sold | 5,850 |
Units in ending inventory | 200 |
Variable costs per unit: | |
Direct materials | $22 |
Direct labor | $48 |
Variable manufacturing overhead | $16 |
Variable selling and administrative | $6 |
Fixed costs: | |
Fixed manufacturing overhead | $145,200 |
Fixed selling and administrative | $65,600 |
What is the net operating income (loss) for the month under absorption costing?
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