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Patrick, Inc. has collected the following data. (There are no beginning inventories.) Units produced 590 units Units sold 590 units Sales price $460 per unit
Patrick, Inc. has collected the following data. (There are no beginning inventories.) Units produced 590 units Units sold 590 units Sales price $460 per unit Direct materials $50 per unit Direct labor $32 per unit Variable manufacturing overhead $25 per unit Fixed manufacturing overhead $8,850 per year Variable selling and administrative costs $14 per unit Fixed selling and administrative costs $10,300 per year What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) $189,710 $180,860 $199,420 $71,980
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