Chicago, Inc., planned and actually manufactured 230,000 units of its single product in 2017, its first year of operation. Variable manufacturing cost was $17 per unit produced. Variable operating (nonmanufacturing) cost was $15 per unit sold. Planned and actual fixed manufacturing costs were $1,380,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $390,000. Chicago sold 150,000 units of product at $45 per unit. Read the requirements. Operating income Absorption costing Requirements 1. Chicago's 2017 operating income using absorption costing is (a) $660,000, (b) $180,000, (c) $570,000, (d) $1,050,000, or (e) none of these. Show supporting calculations. 2. Chicago's 2017 operating income using variable costing is (a) $1,560,000, (b) $660,000. (c) $180,000, (d) $570,000, or (e) none of these. Show supporting calculations. Print Done