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Triple M Company had the following data for the month:
Fixed overhead is $4,000 per month, which is applied to production on the basis of normal activity of 2,000 units. During the month, 2,000 units were produced. Loring started the month with 300 units in beginning inventory, with unit product cost equal to this month's unit product cost. A total of 2,100 units were sold during the month at price of $14 per unit. Selling and administrative expense for the month, all fixed, totalled $3,600.
-Refer to the Figure.What is the operating income under absorption costing?
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An ancient Mesopotamian civilization known for its powerful empire, architectural innovations, and contributions to art and writing, flourishing mainly between the 25th and 7th centuries BCE.
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