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

Selling price	$	160
Units in beginning inventory		0
Units produced		9,550
Units sold		9,150
Units in ending inventory		400

Variable costs per unit:
Direct materials	$	30
Direct labor	$	72
Variable manufacturing overhead	$	18
Variable selling and administrative expense	$	22
Fixed costs:
Fixed manufacturing overhead	$	143,250
Fixed selling and administrative expense	$	10,000

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

Brewer 8e Rechecks 2018-06-22

Multiple Choice

$(36,550)

$17,450

$11,450

$6,000