Margot Co. sells markers, and information relating to Year 1 is below. the company produced 1,000,000 units, which is normal production for Harvey . the company sold 600,000 units production of each marker costs $0.35; $0.10 are fixed manufacturing costs and $0.25 are variable manufacturing costs At Year 1 end, the company reported the following income statement according to GAAP (absorption costing): ered Revenue $600,000 COGS 210,000 Gross Profit 390,000 Fixed Marketing Cost 10,000 Operating Income $380,000 Under Variable Costing, what is Year 1 Operating Income?