Miami$,$Inc$.,$ planned and actually manufactured $170$ comma $000$ units of its single product in $2020,$ its first year of operation. Variable manufacturing cost was $ $13$ per unit produced. Variable operating$($nonmanufacturing$)$ cost was $ $8$ per unit sold. Planned and actual fixed manufacturing costs were $ $850$ comma $000.$ Planned and actual fixed operating$($nonmanufacturing$)$ costs totaled $ $390$ comma $000.$ Miami sold $100$ comma $000$ units of product at $ $37$ per unit.manufacturing costs were $$850,000.$ Planned and actual fixed operating $($nonmanufacturing$)$ costs totaled $$390,000.$ Miami sold $100,000$ units of product at $$37$ per unit.

Read the requirements

Requirement $1.$ Miami's $2020$ operating income using absorption costing is $($a$)$ $$710,000,($b$)$ $$360,000,($c$)$ $$750,000,($d$)$ $$1,100,000,$ or $($e$)$ none of these. Show supporting calculations

in the appropriate cell.$)$

Absorption costing

$L$

Requirements

Miami's $2020$ operating income using absorption costing is $($a$)$ $$710,000,($b$)$

$$360,000,($c$)$ $$750,000,($d$)$ $$1,100,000,$ or $($e$)$ none of these. Show supporting

calculations.

Miami's $2020$ operating income using variable costing is $($a$)$ $$1,210,000,($b$)$

$$710,000,($c$)$ $$360,000,($d$)$ $$750,000,$ or $($e$)$ none of these. Show supporting

calculations.

calculations.