Faxon company which has only one product has provided the

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Reference no: EM13600501

Faxon Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price............................ $137

Units in beginning inventory...... 0

Units produced........................ $3000
Units sold............................... $2900
Units in ending inventory.......... $100

Variable costs per unit:

Direct materials.................. $40
Direct labor........................ $53
Variable manufacturing overhead...... $6
Variable selling and administrative..... $9

Fixed costs:

Fixed manufacturing overhead.............. $69,000
Fixed selling and adminstrative............. $5800

What is the net operating income for the month under absorption costing?

Reference no: EM13600501

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