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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory $136 0 9,250 8,850 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the net operating income (loss) for the month under variable costing? (2.5) $ 24 $ 66 $ 12 $ 16 $138,750 $ 9,400 1) $17,150 2) $11,150 3) $6,000 4) $(29,650)
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