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