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Jarvix Company, Which Has Only One Product, Has Provided the Following

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Jarvix Company, which has only one product, has provided the following data concerning its most recent month of operations:
 Selling price $111 Units in beginning inventory 0 Units produced 8,800 Units sold 8,900 Variable costs per unit:  Direct materials $34 Direct labour $37 Variable manufacturing overhead $3 Variable selling and administrative $9 Fixed costs:  Fixed manufacturing overhead $61,600 Fixed selling and administrative $169,100\begin{array}{l|r|}\hline \text { Selling price } & \$ 111 \\\hline \text { Units in beginning inventory } & 0 \\\hline \text { Units produced } & 8,800 \\\hline \text { Units sold } & 8,900 \\\hline \text { Variable costs per unit: } & \\\hline \text { Direct materials } & \$ 34 \\\hline \text { Direct labour } & \$ 37 \\\hline \text { Variable manufacturing overhead } & \$ 3 \\\hline \text { Variable selling and administrative } & \$ 9 \\\hline \text { Fixed costs: } &\\\hline \text { Fixed manufacturing overhead } & \$ 61,600 \\\hline \text { Fixed selling and administrative } & \$ 169,100 \\\hline\end{array} The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.


-What was the operating income for the month under variable costing?

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Empirical

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Empirical Method

A scientific approach that relies on observation and experiment rather than theory or pure logic.

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