Question -
Fasetech, Inc. has collected the following data. (There are no beginning inventories.)
Unit produced - 570 units
Sales price - $140 per unit
Direct materials - $20 per unit
Direct labor - $14 per unit
Variable manufacturing overhead - $9 per unit
Fixed manufacturing overhead - $17,100 per year
Variable selling and administrative costs - $6 per unit
Fixed selling and administrative costs - $12,300 per year
What is the operating income using absorption costing if 500 units are sold?