Problem
A manufacturing company that produces a single product has provided the follwoing data concerning it's most recent month of operaions:
selling price $126
units in beginning inventory 0
units produced 8,500
units sold 8,300
uints in ending inventory 200
Variable costs per unit:
direct materials $36
direct labor $52
variable manufacturing overhead $2
Variable selling and administrative $9
Fixed costs:
fixed manufacturing overhead $127,500
fixed selling and administrative $91,300
What is the net operating income for the monthn under absorption costing?