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The HF Corporation manufactures and sells toy gyroscopes. The following data is ?? related to sales and production of the toy gyroscopes…

The HF Corporation manufactures and sells toy gyroscopes. The following data is

??

related to sales and production of the toy gyroscopes for last year.

??

Selling price per unit $8.00

??

Variable manufacturing costs per unit $1.83

??

Variable selling and administrative expenses per unit $4.45

??

Fixed manufacturing overhead (in total) $75,000

??

Fixed selling and administrative expenses (in total) $80,000

??

Units produced during the year 500,000

??

Units sold during the year 150,000

??

Using absorption costing, what is operating income for last year?

??

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