Question 9 of 20 < > View Policies -/0.35 ! Current Attempt in Progress Carlisle Gifts began its operations on January 1. The company produced 110,000 units; by the end of the year, 100,000 had been sold at an average price of $14/unit. Variable production costs were $5/unit; variable selling costs, $1/unit; fixed manufacturing overhead. $220,000; and fixed selling and administrative expenses, $80,000. Under variable costing, what was Carlisle's operating income? O $720,000 O $520,000 O $500,000 O $600,000 Save for Later Attempts: 0 of 1 used Submit Answer