Farris Corporation, which has only one product, has provided the following data concerning its most...
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Accounting
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
| Selling price | $ | 160 | |
| Units in beginning inventory | 0 | ||
| Units produced | 9,550 | ||
| Units sold | 9,150 | ||
| Units in ending inventory | 400 | ||
| Variable costs per unit: | ||
| Direct materials | $ | 30 |
| Direct labor | $ | 72 |
| Variable manufacturing overhead | $ | 18 |
| Variable selling and administrative expense | $ | 22 |
| Fixed costs: | ||
| Fixed manufacturing overhead | $ | 143,250 |
| Fixed selling and administrative expense | $ | 10,000 |
What is the net operating income (loss) for the month under variable costing?
Brewer 8e Rechecks 2018-06-22
Multiple Choice
$(36,550)
$17,450
$11,450
$6,000
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