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Business, 25.02.2020 16:59 OnWheels

"What is the net operating income (loss) for the month under variable costing?" Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:elling price $ 108
Units in beginning inventory 0
Units produced 8,900
Units sold 8,500
Units in ending inventory 400
Variable costs per unit:
Direct materials $ 17
Direct labor $ 59
Variable manufacturing overhead $ 5
Variable selling and administrative expense $ 9
Fixed costs:
Fixed manufacturing overhead $ 133,500
Fixed selling and administrative expense $ 8,700
What is the net operating income (loss) for the month under variable costing?

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