Farron Corporation, which has only one product, has provided the following data concerning its most...
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Accounting
Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $128 Units in beginning inventory 0 Units produced 9,150 Units sold 8,750 Units in ending inventory 400 Variable costs per unit: Direct materials $22 Direct labor $64 Variable manufacturing overhead $10 Variable selling and administrative $14 Fixed costs: Fixed manufacturing overhead $137,250 Fixed selling and administrative $9,200 What is the net operating income for the month under absorption costing?
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