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Fighting Kites produces several different kite kits. Last year, the company produced 29 000 kits and sold all but 4 000 kits. The kits sell
Fighting Kites produces several different kite kits. Last year, the company produced 29 000 kits and sold all but 4 000 kits. The kits sell for $37 each. Costs incurred are listed here. Material purchased $ 45 000 Materials used $ 37 000 Other variable manufacturing costs $ 55 000 Fixed manufacturing costs $ 118 000 Variable selling costs $ 15 000 Fixed selling and administrative costs $ 77 000 If the company uses absorption costing and a denominator level of 46 000, compute its operating income and enter the amount in the answer space below
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