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

Selling price	$	109
Units in beginning inventory		0
Units produced		8,850
Units sold		8,450
Units in ending inventory		400

Variable costs per unit:
Direct materials	$	16
Direct labor	$	58
Variable manufacturing overhead	$	4
Variable selling and administrative expense	$	8
Fixed costs:
Fixed manufacturing overhead	$	132,750
Fixed selling and administrative expense	$	8,600

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

Multiple Choice

• $15,250

• $10,750

• $53,000

• $16,800