Practice Homework Due Ending Week 8 Background: The fiscal year is winding down and the company you work for is counting on you to run some analysis on company financials. The company had a great year, but the managers want a second set of eyes to look at these numbers. Determine the answer for the following situation and report back to your manager. The manufacturing capacity of Sherry Companys facilities is 30,000 unils of product a year. A summary of operating results for the year ending December 31,208 is as follows: Sales (18,000 units @ $100)=$1,800,000; Variable manufacturing and selling costs = $990,000; Contribution margin =$810,000; Fbxed costs =$495,000; Operating income = $315,000. A foreign distributor has offered to buy 15,000 units at $90 per unit during 209. Assume that all of Sherry's costs would be at the same levels and rates in 20x9 as in 20x8. If Sherry accepted this offer and rejected some business from regular customers so as not to exceed capacity, what would be the total operating income for 209? A. $525,000. B. $705,000. C. $840,000. D. $885,000 E. None of the above. gindroteupdigentrystint the top is not really noeded, but please select best answer above