Regal Printing, Inc., prints and binds encyclopedias. The following information was found in the accounting records:

Exercise T3-6 Regal Printing, Inc., prints and binds encyclopedias. The following information was found in the accounting records: Sales price per unit $ 110 Direct materials per unit $ 52 Direct labor per unit 15 Variable overhead per unit $ 11 Fixed overhead per unit $ 21 Fixed selling costs $ 46,200 Variable selling costs $165,700 Beginning inventory 0 Units produced 113,400 Units sold 102,100 (a) Under absorption costing, what is Regal's operating income? Operating income $ (b) Under variable costing, what is Regal's ending Finished Goods Inventory balance? Ending Finished Goods Inventory balance $ Exercise T3-6 Regal Printing, Inc., prints and binds encyclopedias. The following information was found in the accounting records: Sales price per unit $ 110 Direct materials per unit $ 52 Direct labor per unit 15 Variable overhead per unit $ 11 Fixed overhead per unit $ 21 Fixed selling costs $ 46,200 Variable selling costs $165,700 Beginning inventory 0 Units produced 113,400 Units sold 102,100 (a) Under absorption costing, what is Regal's operating income? Operating income $ (b) Under variable costing, what is Regal's ending Finished Goods Inventory balance? Ending Finished Goods Inventory balance $