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Iancu Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $149 Units in beginning
Iancu Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
| Selling price | $149 |
| Units in beginning inventory | 0 |
| Units produced | 4,200 |
| Units sold | 3,900 |
| Units in ending inventory | 300 |
| Variable costs per unit: | |
| Direct materials | $27 |
| Direct labor | $46 |
| Variable manufacturing overhead | $5 |
| Variable selling and administrative | $9 |
| Fixed costs: | |
| Fixed manufacturing overhead | $155,400 |
| Fixed selling and administrative | $70,200 |
What is the net operating income for the month under variable costing?
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