Hathaway Inc. produces and sells golf umbrellas to local resorts. Hathaway anticipates April to be a busy month with the sale of 2,000 umbrellas. The company has prepared the following static budget for April: 
During April, Hathaway actually produced and sold 2,300 umbrellas. What should be Hathaway's net operating income in April based on a flexible budget?
Definitions:
Rent
A periodical payment made by a tenant to an owner for the use of premises, land, or a building.
Production Factory
A facility equipped with machinery and labor force focused on manufacturing goods or processing materials.
Cost Of Goods Manufactured
The total expense incurred to produce goods within a specific period, including labor, material, and overhead costs.
Manufacturing Overhead
All the indirect costs associated with the production process, including facility maintenance, utilities, and salaries of non-direct labor.
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