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For the year ended December 31, 20x5, Myles Corporation has the following records of its costs: Direct materials used $506574 Direct labour 188833 Variable manufacturing
| For the year ended December 31, 20x5, Myles Corporation has the following records of its costs: | |||
|
| |||
|
| Direct materials used |
| $506574 |
|
| Direct labour |
| 188833 |
|
| Variable manufacturing overhead |
| 92723 |
|
| Fixed manufacturing overhead |
| 148565 |
|
| Selling and administrative costs (fixed) |
| 127544 |
|
| |||
| Myles produced 126961 units and sold 95112 units at $14 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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