Start Me Up Inc. manufactures a caffeinated energy drink that sells for $$4\mathrm{.}30$ each. The results for its

first year of operations appear in the table below:

Number of drinks produced

Number of drinks sold

Direct materials per drink

Direct labor per drink

Variable manufacturing overhead per drink

Total fixed manufacturing overhead

Total fixed selling and administrative costs

Required:

Compute the operating income for the first year under full costing.

Compute the operating income for the first year under variable costing.

$($For all requirements, do not round intermediate calculations.$)$