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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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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?