Miami, Inc., planned and actually manufactured $250,000$ 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 $$15$ per unit sold. Planned and actual fixed manufacturing costs were $$500,000.$ Planned and actual fixed

operating $($nonmanufacturing$)$ costs totaled $$370,000.$ Miami sold $190,000$ units of product at $$42$ per unit.

Read the requirements.

Requirement $2.$ Miami's $2020$ operating income using variable costing is $($a$)$ $$960,000,($b$)$ $$580,000,($c$)$ $$460,000,($d$)$ $$830,000,$ or $($e$)$ none of these. Show

supporting calculations.

Begin by selecting the labels used in the variable 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.$)$

Variable costing