English # 83 1. Rhea Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead $ 67 $ 10 $ 5 $ 3 $252,000 Foxed manufacturing overhead per year Selling and administrative expenses Variable selling and administrative expense per unit sold S 4 Foxed selling and administrative expense per year. $ 65,000 D Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory Year 1 Year 2 1,000 9.000 7,000 8,000 7,000 1,000 1,000 Required Determine The net operating income (loss) under absorption costing in Year 2 20 $ 14 000 GOD 14 % 95 96 44 16 & 7 8 * Focus 44 6