Prater Corporation manufactures and sells a single product.The company uses units as the measure of activity in its budgets and performance reports.During February, the company budgeted for 5, 400 units, but its actual level of activity was 5, 380 units.The company has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: 
Actual results for February: 
The net operating income in the flexible budget for February would be closest to:
Definitions:
Assignment
The relocation of legal titles, belongings, or commitments from one party to another party.
Original Owner
The initial owner of an asset or property, typically before its sale, transfer, or conveyance to another party.
Jointly and Severally Liable
A legal term indicating that all parties involved can be held responsible individually or collectively for all aspects of liability.
Tenancy at Sufferance
A legal condition where a tenant remains in possession of a property after the expiration of the lease, without the landlord's consent.
Q10: The public health nurse wanted to make
Q24: Pardoe, Inc. , manufactures a single product
Q34: The Adams Corporation, a merchandising firm, has
Q36: Eberley Corporation's cost formula for its manufacturing
Q79: The Khaki Corporation has the following budgeted
Q81: Ricric Corporation has provided the following data
Q98: Net operating income is income after interest
Q112: The Jenkins Division recorded operating data as
Q221: Comparing a static planning budget to actual
Q276: Hatzenbuhler Manufacturing Corporation has prepared the following