Abe Company, which has only one product, has provided the following data concerning its most recent month of operations: 
-What is the net operating income for the month under absorption costing?
Definitions:
Absolute Advantage
The ability of a country or entity to produce a good or service more efficiently (using fewer resources) than another country or entity.
Specialization
Refers to the process of focusing resources on specific activities, tasks, or areas of expertise to increase efficiency and productivity.
Free Trade
An economic policy that allows imports and exports between countries without tariffs, quotas, or other restrictions.
Opportunity Cost
The denial of potential enhancements from other possibilities once one choice is made.
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