Q&D , Inc. produced 30,000 units and sold 20,000 units in 2018. Assume $600,000 beginning inventory for both variable costing and absorption costing. The following financial information is available for 2018.

Selling price per unit	$100.00
Direct materials per unit	$5.00
Direct labor per unit	$7.00
Variable manufacturing overhead cost per unit	$20.00
Variable operating expense per unit	$12.00
Fixed manufacturing overhead costs	$150,000
Fixed operating expenses	$116,000

Do not enter dollar signs or commas in the input boxes. Use the negative sign ONLY for a net loss. Round all answers to the nearest whole number. a) Determine the operating income under the variable costing method.

Sales		$Answer
Variable cost of goods sold:
Beginning inventory	$Answer
Variable cost of goods manufactured	$Answer
Ending inventory	$Answer
Variable cost of goods sold		$Answer
Contribution margin		$Answer
Fixed costs:
Fixed manufacturing overhead	$Answer
Fixed operating expenses	$Answer	$Answer
Net income		$Answer

b) Determine the operating income under the absorption costing method.

Sales		$Answer
Cost of goods sold:
Beginning inventory	$Answer
Cost of goods manufactured	$Answer
Ending inventory	$Answer
Cost of goods sold		$Answer
Gross profit		$Answer
Operating costs:
Variable operating expense per unit	$Answer
Fixed operating expenses	$Answer	$Answer
Net income		$Answer