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Kylo Corporation manufactures and sells one product. The following information pertains to the company's first year...

Kylo Corporation manufactures and sells one product. The following information pertains to the company's first year of operations:

Selling price per unit

$100

Variable costs per unit:
   Manufacturing:

Direct materials

 $9

Direct labor

 $20

Variable manufacturing overhead

 $11

Variable selling and administrative expense

$15

Fixed costs per year:

Fixed manufacturing overhead

$45,000

   Selling and administrative expense

$59,900
Production 5,000 units
Sales 4,500 units

(Q): What is net operating income under variable costing in the first year?

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