Colbert Company has the following information about its only product:

Revenue $200,000

Direct materials used $9,000

Direct labor 17,000

Variable factory overhead 13,000

Fixed factory overhead 8,000

Variable selling and administrative expenses 22,000

Fixed selling and administrative expenses 11,000

Required:

Colbert Company uses absorption approach. Calculate the operating income.

calculate the operating income using contribution and absorption methods for each problem