Osewa Inc., planned and actually manufactured $170$ comma $000$ units of its single product in $2020,$ its first year of operation. Variable manufacturing cost was $ $19$ per unit produced. Variable operating $($nonmanufacturing$)$ cost was $ $10$ per unit sold. Planned and actual fixed manufacturing costs were $ $510$ comma $000.$ Planned and actual fixed operating $($nonmanufacturing$)$ costs totaled $ $400$ comma $000.$ Osawa sold $110$ comma $000$ units of product at $ $40$ per unit.Requirements $1.$Osawa's $2020$ operating income using absorption costing is $($a$)$ $ $480$ comma $000,($b$)$ $ $300$ comma $000,($c$)$ $ $700$ comma $000,($d$)$ $ $880$ comma $000,$ or $($e$)$ none of these. Show supporting calculations$\mathrm{.}2.$Osawa's $2020$ operating income using variable costing is $($a$)$ $ $810$ comma $000,($b$)$ $ $480$ comma $000,($c$)$ $ $300$ comma $000,($d$)$ $ $700$ comma $000,$ or $($e$)$ none of these. Show supporting calculations.pop$-$up content endsRequirement $2.$ Osawa's $2020$ operating income using variable costing is $($a$)$ $ $810$ comma $000,($b$)$ $ $480$ comma $000,($c$)$ $ $300$ comma $000,($d$)$ $ $700$ comma $000,$ 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