Wasilko Corporation produces and sells one product

a$.$ The budgeted selling price per unit is $$114.$ Budgeted unit sales for February is $9,900$ units.

b$.$ Each unit of finished goods requires $6$ pounds of raw materials. The raw materials cost $$4\mathrm{.}00$ per pound.

c$.$ The direct labor wage rate is $$24\mathrm{.}00$ per hour. Each unit of finished goods requires $2\mathrm{.}4$ direct labor$-$hours.

d$.$ Manufacturing overhead is entirely variable and is $$9\mathrm{.}00$ per direct labor$-$hour.

e$.$ The variable selling and administrative expense per unit sold is $$1\mathrm{.}60.$ The fixed selling and administrative expense per month is $$70,000.$

The estimated net operating income $($loss$)$ for February is closest to:

Multiple Choice

$$50,000$