Calculate Operating Income for the full year based on below information for a factory's two divisions: Goldie and Silver using a time driven activity based costing approach

• Total indirect costs:750,000 (540,00 from indirect labor and 210,000 from machine related expenses)
• Factory averages 25 production days every month
• All employees work 7 hour shifts
• There are 8 machines in the factory. Factory employees work in two 7 hour shifts so the machines run for 14 hours each production day
• There are currently 8 employees who are indirectly involved in factory production, but do other tasks like machine setup, packaging and shipping work

A factory finance team has determined that indirect resource capacity is consumed by the below Machine Hours and indirect labor hours

	Goldie	Silver
Packaging and Shipping	0.5 Machine Hours per unit	0.8 machine hours PER UNIT
Machine Setup	2 machine hours and 2 indirect labor hours	4 machine hours and 2 indirect labor hours
Running Machines	0.5 machine hours per unit	0.8 machine hours per unit
Projected Production runs	350	1300
Projected shipments	100	200