Consider the information below: egin{tabular}{lc} Sales (7,000 units) & ( $ 700,000 ) \ Total direct labor and direct materials & ( $ 400,000 ) \ Total factory overhead (60% fixed) & ( $ 200,000 ) \ Total marketing and administrative expenses (20% variable) & ( $ 140,000 ) \ Units of product manufactured & 10,000 \ Beginning Inventory, finished goods (units) & none \ Ending Inventory, finished goods (units) & 3,000 \ Work-in-process inventories & none end{tabular} What is firm's operating income under (actual) variable costing ?

Consider the information below: \begin{tabular}{lc} Sales (7,000 units) & $700,000 \\ Total direct labor and direct materials & $400,000 \\ Total factory overhead (60\% fixed) & $200,000 \\ Total marketing and administrative expenses (20\% variable) & $140,000 \\ Units of product manufactured & 10,000 \\ Beginning Inventory, finished goods (units) & none \\ Ending Inventory, finished goods (units) & 3,000 \\ Work-in-process inventories & none \end{tabular} What is firm's operating income under (actual) variable costing