Compute the amount of net operating income or loss

Reference no: EM13127592

Compute the amount of net operating income or loss under absorption costing based on the following data.

Unit selling price $90

Unit cost for direct materials $10
Unit cost for direct labor 15
Unit cost for variable manufacturing overhead 7
Unit cost for variable selling and administrative expenses 2
Total fixed manufacturing overhead 100,000
Total fixed selling and administrative expense 40,000

Units produced 25,000
Units sold 24,000

Reference no: EM13127592

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