During the company's first year of opera these, 12,000 were sold for $50 each. O Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative costs Fixed manufacturing overhead Fixed selling and administrative costs What is Perry, Inc.'s operating profit usin During the company's first year of operations, Perry, Inc. produced 15,000 units during the year. Of these, 12,000 were sold for $50 each. Other Perry, Inc. data are shown below. $8.00 per unit $6.00 per unit $2.00 per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative costs $1.00 per unit Fixed manufacturing overhead Fixed selling and administrative costs $50,000 What is Perry, Inc's operating profit using variable costing and absorption costing? $75,000 O Operating profit is $286,000 using variable costing and $271,000 using absorption costing Operating profit is $271,000 using variable costing and $286,000 using absorption costing. O Operating profit is $396,000 using variable costing and $370,000 using absorption costing Operating profit is $271,000 using variable costing and $271,000 using absorption costing. Which of the following is not found on an income statement prepared using absorption costing? Sales O Contribution margin O Operating proft O Cost of Goods Sold