Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
| Selling Price |
$156 |
| Units in beginning INventory |
0 |
| Units produced |
9,500 |
| Units sold |
9,100 |
| Units in edning inventory |
400 |
|
Variable costs per unit:
|
|
| Direct materials |
$29 |
| Direct Labor |
$71 |
| Variable manufacturing overhead |
$17 |
| Variable selling and administrative |
$21 |
|
Fixed costs:
|
|
| Fixed manufacturing overhead |
$142,500 |
| Fixed selling and administrative |
$9,900 |
|
|
What is the net operating income for the month under absorption costing?