AM 1 Question 2 10 Marks 25 Minutes Iva Corp isa manufacturing company that produces phones to the tech wavy consumer. The company pays bonus to its managers based on the operating income of the division the manager is responsible for. In 2022, the Phone operating division provided the following information 4 Unit Production Information beginning inventory 0 Units Produced 50,000 7 Units Suild 39,000 3 Ending Inventory 11.000 9 10 Manufacturing Information in units) 11 Selling Price 5 60.00 12 Variable Manufacturing Costs $ 9.00 13 Variable Sedie Costa $ 1.50 14 15 Other Information 16 sed Overhead $ 1.200.000 17 8 REQUIRED 19 Aulate the operating income for 2022 using absorption costit (4 marks) 20 ) Calculate the operating income for 2022 using variable costing (5 marks) 1 Cf the manager of the Z-Phone division had to choose between a sorption and variable costing, which would they choose? Bretly explain. [1 mark) -2 Your Response