Elison Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$	111
Units in beginning inventory		0
Units produced		7,500
Units sold		7,200
Units in ending inventory		300

Variable costs per unit:
Direct materials	$	24
Direct labor	$	34
Variable manufacturing overhead	$	1
Variable selling and administrative expense	$	5
Fixed costs:
Fixed manufacturing overhead	$	217,500
Fixed selling and administrative expense	$	115,200

What is the net operating income for the month under variable costing?

Multiple Choice

• $8,700

• $5,700

• $14,400

• $(12,000)