Actual information for 2020 that can be traced directly to each product Plain Chair Customized chair Direct material used cost $720,000 $600,000 Feet of lumber per chair 20 feet 25 feet Lumber in inventory (12/31/20) 60000 feet 25000 feet Direct labor cost $1,800,000 $1,296,000 Direct labor hours 120000 hours 64800 Direct labor hours per chain 2 hours 5.4 hours Machine hours used in total 54000 hours 37200 hours Setup labor hours 3600 setup lab hrs 7200 setup lab hrs Number of batches 1200 1500 Chairs per batch 50 8 Total sales commissions $220,000 $96,000 Units produced 60000 12000 Units sold 55000 12000 Chairs in inventory(01/01/20) 6000 @$48.50 each 0 Sales revenue $3,850,000 $2.640.000 C F D E What was the Chair's Division's operating income for 2020? Use normal costing and ajust for misapplied MOH. Actual information for 2020 that can be traced directly to each product Plain Chair Customized chair Direct material used cost $720,000 $600,000 Feet of lumber per chair 20 feet 25 feet Lumber in inventory (12/31/20) 60000 feet 25000 feet Direct labor cost $1,800,000 $1,296,000 Direct labor hours 120000 hours 64800 Direct labor hours per chain 2 hours 5.4 hours Machine hours used in total 54000 hours 37200 hours Setup labor hours 3600 setup lab hrs 7200 setup lab hrs Number of batches 1200 1500 Chairs per batch 50 8 Total sales commissions $220,000 $96,000 Units produced 60000 12000 Units sold 55000 12000 Chairs in inventory(01/01/20) 6000 @$48.50 each 0 Sales revenue $3,850,000 $2.640.000 C F D E What was the Chair's Division's operating income for 2020? Use normal costing and ajust for misapplied MOH