Fasetech, Inc has collected the following data (There are no beginning inventories ) Units produced 510 units Sales price $150 per unit Direct materials $16 per unit Direct labor $10 per unit Variable manufacturing overhead $10 per unit Fixed manufacturing overhead $16,000 per year Variable selling and administrative costs $9 per unit Fixed selling and administrative costs $10,500 per year What is the operating income using absorption costing if 500 units are sold (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar ) A $27,500 B $38,315 C $26,315 D $31,641

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Question: ?Fasetech, Inc. has collected the following data.? (There are no beginning? inventories.) Units produced 510 units Sales price ?$150 per unit Direct materials ?$16 per

?Fasetech, Inc. has collected the following data.? (There are no beginning? inventories.)

Units produced	510	units
Sales price	?$150	per unit
Direct materials	?$16	per unit
Direct labor	?$10	per unit
Variable manufacturing overhead	?$10	per unit
Fixed manufacturing overhead	?$16,000	per year
Variable selling and administrative costs	?$9	per unit
Fixed selling and administrative costs	?$10,500	per year

What is the operating income using absorption costing if 500 units are? sold? (Round any intermediate calculations to the nearest? cent, and your final answer to the nearest? dollar.)

A.?$27,500

B.?$38,315

C.?$26,315

D.?$31,641

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