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Houston Inc. planned and actually manufactured 190,000 units of its single product in 2017. its first year of operation Variable manufacturing cost was $17 per

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Houston Inc. planned and actually manufactured 190,000 units of its single product in 2017. its first year of operation Variable manufacturing cost was $17 per unit produced Variable operating (nonmanufacturing) cost was $10 per unit sold. Planned and actual fixed manufacturing costs were $570,000 Planned and actual fixed operating (nonmanufacturing) costs totaled $410.000. Houston sold 100.000 units of product at $43 per unit Read the requirements Requirement 1. Houston's 2017 operating Income using absorption costing is (a) 5890,000 (b) $620,000. (C) $1030,000 (d) $1,300.000, or () none of these Show supporting calculations 0 Revenues Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Deduct ending inventory Cost of goods sold Gross margin Variable manufacturing costs Fixed operating costs Operating income

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