Murie Corporation makes one product and has provided the following information: Budgeted selling price per unit $ 98 per unit sold Budgeted unit sales, February 11,000 units Raw materials requirement per unit of output 5 pounds Raw materials cost $ 3.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $ 18.00 per direct labor-hour Predetermined overhead rate (all variable) $ 11.00 per direct labor-hour Variable selling and administrative expense $ 2.70 per unit sold Fixed selling and administrative expense $ 80,000 per month The estimated net operating income (loss) for February is closest to:

Net operating income= $5,800

Explanation:

Giving the following information:

Selling price= $98 per unit

Sales= 11,000 units

Variable cost per unit= (5*3) + (2.5*18) + (2.5*11) + 2.7= $90.2

Fixed selling and administrative expense $ 80,000 per month

Contribution margin income statement:

Sales= 98*11,000= 1,078,000

Total variable cost= (90.2*11,000)= (992,200)

Contribution margin= 85,800

Fixed costs= (80,000)

Net operating income= 5,800

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