A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $126 Units in beginning inventory 0 Units produced 8,500 Units sold 8,300 Units in ending inventory 200 Variable costs per unit: Direct materials $36 Direct labor $52 Variable manufacturing overhead $2 Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $127,500 Fixed selling and administrative 91,300 What is the net operating income for the month under absorption costing? a. $5,300 b. $3,000 c. $(12,700) d. $8,300