Hamilton Inc. planned and actually manufactured 180.000 units of its single product in 2022, its first year of operation. Variable manufacturing cost was $22 per unit produced. Variable operating (non-manufacturing) cost was $8 per unit sold. Planned and actual fixed manufacturing costs were $720,000. Planned and actual fixed operating (non-manufacturing) costs totalled $360,000. Hamilton sold 160,000 units of product at $41 per unit. Required 1. Hamilton's 2022 operating income using absorption costing is (a) S1,140,000, (b) $760,000, (C) 5680,000, (d) $380,000, or (e) none of these. Show supporting calculations. 2. Hamilton's 2022 operating income using variable costing is (a) $1,140,000, (b) $760,000, (C) S680,000, (d) $380,000, or (e) none of these. Show supporting calculations