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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 $156 Units in beginning
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price | $156 |
---|---|
Units in beginning inventory | 0 |
Units produced | 9,500 |
Units sold | 9,100 |
Units in ending inventory | 400 |
Variable costs per unit: | |
---|---|
Direct materials | $ 29 |
Direct labor | $ 71 |
Variable manufacturing overhead | $ 17 |
Variable selling and administrative expense | $ 21 |
Fixed costs: | |
Fixed manufacturing overhead | $142,500 |
Fixed selling and administrative expense | $ 9,900 |
What is the net operating income for the month under absorption costing?
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$35,400
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$11,400
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$17,400
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$6,000
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