Faxon Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price............................ $137
Units in beginning inventory...... 0
- Units produced........................ $3000
- Units sold............................... $2900
- Units in ending inventory.......... $100
Variable costs per unit:
- Direct materials.................. $40
- Direct labor........................ $53
- Variable manufacturing overhead...... $6
- Variable selling and administrative..... $9
Fixed costs:
- Fixed manufacturing overhead.............. $69,000
- Fixed selling and adminstrative............. $5800
What is the net operating income for the month under absorption costing?