Murie Corporation makes one product and has provided the fol…
Murie Corporation makes one product and has provided the following information:Budgeted selling price per unit $ 98 per unit soldBudgeted unit sales, February 11,000 unitsRaw materials requirement per unit of output 5 poundsRaw materials cost $ 3.00 per poundDirect labor requirement per unit of output 2.5 direct labor-hoursDirect labor wage rate $ 18.00 per direct labor-hourPredetermined overhead rate (all variable) $ 11.00 per direct labor-hourVariable selling and administrative expense $ 2.70 per unit soldFixed selling and administrative expense $ 80,000 per monthThe estimated net operating income (loss) for February is closest to: