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

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

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Selling price per unit $8.00

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Variable manufacturing costs per unit $1.83

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Variable selling and administrative expenses per unit $4.45

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Fixed manufacturing overhead (in total) $75,000

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

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Units produced during the year 500,000

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Units sold during the year 150,000

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

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