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A manufacturing company that produces a single product has provided the following data concerning its...

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Accounting

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

Selling price

$112

Units in beginning inventory

0

Units produced

5,500

Units sold

5,300

Units in ending inventory

200

Variable costs per unit:

Direct materials

$33

Direct labour

$37

Variable manufacturing overhead

$5

Variable selling and administrative

$6

Fixed costs:

Fixed manufacturing overhead

$71,500

Fixed selling and administrative

$79,500

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

Question 8 options:

1)

$2,600

2)

$2,700

3)

$45,100

4)

$13,300

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