Atlanta, Inc., planned and actually manufactured 250,000 units of ita single product in 2020, its first year o manufacturing costs were $500.000. Planned and actual fixed eperating (npomarufarturingi rosts olaled Sd10 000 Allantn ald 1500g coBt was s17 per unit produced, Variable operating (nonmanufacturing) cost was $11 per unit sold. Planned and actual fxed Allanta sold 120,000 units of product at S43 per unit. Read the raquiremants Requirement 1. Allanta's 2020 operating income using absorption costing is (a) $1,150,000, (b) $890,000, (c) $1.300,000, (d) $1,560,000, or (e) none of these. Show supporting calculations. Begin by selecting the labels used in the absorption costing calculation of operating income and enter the supporting amaunts. Periorm the calculatiors in this step, but select the correct poerating income in the next step. (For amounts with a $0 balance, make sure to enter "U"in the appropriate cell.) Absorption costing Revenues 5160D00 Cost of goods acld: Requirements Beginning inventory Variable manufacturing costs 4250000 1. Atlanta's 2020 operating income using abeorption coating is (a) $1,150,000, (b) sa90.000, (c) S1,300,000, (d) $1,560,000, or (e) none of these. Show supporting calculations. 2. Atlanta's 2020 operating income using variable costing is (a) $1,390.000, (b) $1,150,000. (c) Se90,000, (d) $1,300,000, or (e) none of these. Show supporting caloulations Allocated fixed manufacturing costs 500000 Coet of goods available for sale 4750D00 Deduct ending inventory Cast of goods sokd Gross margin Variable operating costs Print Done Fixed operating oosts Operating income