For Xenon company:

Product sales: 1,000 units at $10 each

Variable manufacturing costs: $5.50 per unit

Fixed manufacturing overhead (planned and actual): $1,200

Variable selling and administrative costs: $0.50 per unit sold

Fixed selling and administrative costs: $1,000

No beginning inventory

Units produced (planned and actual): 1,200

Operating income under variable (direct) costing isRequired to answer. Single line text.