Octagonal Company has the following information for the current year: Selling price Variable production costs Variable selling and admin. expenses Fixed production costs Fixed selling and admin. expenses Units produced Units sold There were no beginning inventories. $150 per unit $40 per unit produced $16 per unit sold $200,000 $140,000 10,000 units 8,000 units What is the net income for Octagonal using the absorption-costing method? Oa. $1,200,000 Ob. $452,000 Oc. $600,000 Od. $480,000

Octagonal Company has the following information for the current year: There were no beginning inventories. What is the net income for Octagonal using the absorption-costing method? a. $1,200,000 b. $452,000 c. $600,000 d. $480,000