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For the year ended December 31, 20x5, Myles Corporation has the following records of its costs: Direct materials used 503497 Direct labour 199735 Variable manufacturing

For the year ended December 31, 20x5, Myles Corporation has the following records of its costs:

Direct materials used

503497

Direct labour

199735

Variable manufacturing overhead

130399

Fixed manufacturing overhead

126963

Selling and administrative costs (fixed)

107170

Myles produced 125637 units and sold 106376 units at $12 in 20x6. There were no beginning inventories. If Myles uses absorption costing, what is the operating income for the year ended December 31, 20x6?

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