What is the net operating income for the month


A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling Price ....................................... $139

Units in beginning inventory ................. 0
Units produced ................................... 6700
Units sold .......................................... 6400
Units in ending inventory ...................... 300

Variable costs per unit:
Direct materials ................................... $43
Direct Labor ........................................ $35
Variable manufacturing overhead ...............$5
Variable selling and administrative .............. $6

Fixed costs:
Fixed manufacturing overhead ................. $227,800
Fixed selling and administrative ................... 83,200

What is the net operating income for the month under absorption costing?

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Accounting Basics: What is the net operating income for the month
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