Start Me Up Incorporated manufactures a caffeinated energy drink that sells for $4.10 each. The results for its first year of operations appear in the table below: Projections Number of drinks produced 48,eee Number of drinks sold 46,cee Direct materials per drink $ 0.56 Direct labor per drink $ 0.26 Variable manufacturing overhead per drink $ 0.16 Total fixed manufacturing overhead $ 28,see Total fixed selling and administrative costs $ 58,5ee Required: 1. Compute the operating Income for the first year under full costing. 2 Compute the operating income for the first year under variable costing. (For all requirements, do not round intermediate calculations.)