The Foundational $15($Algo$)[$LO$3-1,$ LO$3-2,$ LO$3-3,$ LO$3-4]$

$($The following information applies to the auestions displyyed below$]$

Bunnel Corporation is a manafacturer that uses job$-$onder coating, On January t$,$ the company's inventory balances were as follows:

$\backslash$table$[[$Rav saterials,$ $43,200],[$Work in process,$ $19,48$e$],[$Finished genels,$154\mathrm{.}14$e$]]$

The company appliet outhend cent to jobs using direct labon hours. For this year, the company's predetermined overhead rate of $$1475$ per direct labor$-$hour was based on a cost flormula that estimated $$590,000$ of total manufacturing everhead for an estimeted activity level of $40\mathrm{.}000$ dieect laborlwours. The following transactions were recorded this year:

a$.$ Raw manerials were purchased on account, $$590,000$

b$.$ Raw materials used in production, $$546,400.$ Als of of the rese materlabls were used as direct materials.

C$.$ The following costs were accous for employee services: direct laboc, $$540,000$; indirect labor, $$150,000$; selling and administrative salaries, $$250,000$

d$.$ Incurred various selling and administrative experses fe$,$ g$.,$ advertising, sailes vavel costs, and finished goods warehousingt, $$394,650.$

e$.$ Incumed various manufbcturing overhend costs fe$,$ g$.$ depredation, insurshce, and ustitest, $$440\mathrm{.}000.$

$($t$.$ Manulacturing overhead cost was applied to production. The company actually worked $41000$ direct labor$-$hours on all jobs during the year.

h$.$ Jobs were said en account to customers during the year flor a total of $$3\mathrm{.}082\mathrm{.}500.$ The jobs cost $$1,620\mathrm{.}950$ to manufacture according so their job cost sheets.

Foundational $3-15($Algo$)$

$15.$ What is the net opersting income for this year?

Answer $15$