I MEANT TO ASK THIS QUESTION!

Verdon Corporation planned to be in operation for three years: 2018, 2019, and 2020. In 2018, the company produced 60,000 units of its single product. It had no sales but incurred $240,000 in variable manufacturing costs and $80,000 in fixed manufacturing costs. In 2019, the company incurred no manufacturing costs (.e., production volume was zero) but sold half of the inventory it produced in 2018 for $200,000 In 2020, the company incurred no manufacturing costs, sold the remainder of its inventory for $240,000, and went out of business. Selling and administrative expenses were fixed and totaled $40,000 each year. What was operating income under variable costing in 2020? O $40,000 $80,000 O $120,000 O ($40,000) O None of the above When comparing operating income between absorption costing and variable costing, and ending finished goods inventory exceeds beginning finished goods inventory, it may be assume that: Production volume decreased during the period O Variable manufacturing cost per unit is greater than fixed manufacturing cost per unit Sales volume decreased during the period O Absorption costing operating income exceeds variable costing operating income O None of the above