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Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $96 Units in beginning
| Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: |
| Selling price | $96 |
| Units in beginning inventory | 0 |
| Units produced | 8,750 |
| Units sold | 8,350 |
| Units in ending inventory | 400 |
| Variable costs per unit: | |
| Direct materials | $14 |
| Direct labor | $56 |
| Variable manufacturing overhead | $2 |
| Variable selling and administrative | $6 |
| Fixed costs: | |
| Fixed manufacturing overhead | $131,250 |
| Fixed selling and administrative | $8,400 |
What is the net operating income for the month under absorption costing?
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