$$Inc$.,$ planned and actually manufactured $200$ comma $000$ units of its single product in $2020,$ its first year of operation. Variable manufacturing cost was $ $20$ per unit produced. Variable operating$($nonmanufacturing$)$ cost was $ $10$ per unit sold. Planned and actual fixed manufacturing costs were $ $400$ comma $000.$ Planned and actual fixed operating$($nonmanufacturing$)$ costs totaled $ $350$ comma $000.$ Atlanta sold $110$ comma $000$ units of product at $ $43$ per unit.

Read the requirementsLOADING....

Question content area bottom

Part $1$

Requirement $1.$ Atlanta$\text{'}$s $2020$ operating income using absorption costing is$($a$)$ $ $860$ comma $000,($b$)$ $ $680$ comma $000,($c$)$ $ $1$ comma $030$ comma $000,$ left parenthesis d right parenthesis $ $1$ comma $210$ comma $000$ comma or$($e$)$ none of these. Show supporting calculations.

Begin by selecting the labels used in the absorption costing calculation of operating income and enter the supporting amounts. Perform the calculations in this$$ step, but select the correct operating income in the next step. $($For amounts with a$$ $$0$ balance, make sure to enter$"0"$ in the appropriate$$ cell.$)$

Absorption costing

Revenues

$$4,730,000$

Cost of goods sold:

Beginning inventory

$$0$

Allocated fixed manufacturing costs

$400,000$

$$

Operating income

Requirements

$1.$

Atlanta$\text{'}$s $2020$ operating income using absorption costing is$($a$)$ $ $860$ comma $000,($b$)$ $ $680$ comma $000,($c$)$ $ $1$ comma $030$ comma $000,($d$)$ $ $1$ comma $210$ comma $000,$ or$($e$)$ none of these. Show supporting calculations.

$2.$

Atlanta$\text{'}$s $2020$ operating income using variable costing is$($a$)$ $ $1$ comma $080$ comma $000,($b$)$ $ $860$ comma $000,($c$)$ $ $680$ comma $000,($d$)$ $ $1$ comma $030$ comma $000,$ or$($e$)$ none of these. Show supporting calculations.Atla