Read the revirements. Requirements 1. Hsuntoris 2920 operwing inoote uting atsorpton couting is (a) $1,160.000 (b) 8500,600, (c) $1,420,000, (d) $1,600,000, of (e) none of these. show supporting cakuations. 2. Houston's 2000 operaling incorre using variable costing is (a) 51,640,000, (B) 51,160,600,(c)$900,060, (d) $1,420,060, or (e) nore of these. Show Houston, Inc., planned and actually manufactured 220,000 units of its single product in 2020 , its first year of operation. Variable manufacturing cost was $22 per unit produced. Variable operating (nonmanufacturing) cost was $9 per unit sold. Planned and actual fixed manufacturing costs were $660,000. Plannod and actual fxed operating (nonmanufacturing) costs totaled $440,000. Houston sold 160,000 units of product at $44 per unit. Read the reguirements Requirement 1. Houston's 2020 operating income using absorption costing is (a) $1,160,000, (b) enon 000,(c)$1,420,000, (d) $1,600,000, or (e) none of these. Show supporting calculations Begin by selecting the labels used in the absorption costing calculation of operating income and enter the supporting amounts. Pertorm the calculations in this step, but select the correct operating income in the next step. (For amounts with a $0 balance, make sure to enter " 0 " in the appropriate celi.) \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Absorption costing } \\ \hline Allocated fixed manufacturing costs \\ Beginning inventory \\ Contribution margin \\ Cost of goods available for sale \end{tabular}