Question 11 (2 points) Peter Pumpkin Inc. makes Pumpkin Decorations for a number of Pinterest Moms. The company started October with 502 pumpkin decorations in inventory. At the end of October, the inventory count was 427 pumpkin decorations. Peter Pumpkin Inc. uses variable costing and the operating income for October was $234,000. The company's fixed manufacturing overhead cost per pumpkin decoration was $168. What is Peter Pumpkin Inc.'s absorption costing operating income for October? $166,464 $221,400 $246,600 $162,264