Q.112.Assume that a company maintains no beginning or ending inventories and produces and sells 4,000 units of only one product for a price of $130 per unit. The company's variable manufacturing costs per unit are $80, and its fixed manufacturing overhead per unit is $24. Its variable selling and administrative expenses are $12 per unit, and its fixed selling and administrative expenses are $45,700. What is the company's net operating income under absorption costing? a. $8,300 b. $10,300 c. $14,300 d. $6,300

Can anyone explain how to do these problems step by step?

1. What is a case and how to defining the Case and Creating Problem Statements? 2. What is Background of the Problem and Problem Statement?

please solve those problems