Question: PLEASE SHOW WORK! Use the following information to answer the next two questions. Lindsay Company reported the following information for the first three years of

PLEASE SHOW WORK! Use the following information to answer the next

PLEASE SHOW WORK!

Use the following information to answer the next two questions. Lindsay Company reported the following information for the first three years of operations. Assume nxea overnead is appiea Dasea on the normat overnead Dase ror each year. 7. (1 point) If the company had an operating income of $14,000 in Year 2 under variable costing, what was their operating income under absorption costing in Year 2? a. $16,000 b. $16,800 c. $12,000 d. $11,600 e. $10,400 f. $11,000 g. $11,200 h. None of the above 8. (1 point) If the company had an operating income of $45,600 in Year 3 under absorption costing, what was their operating income under variable costing in Year 3 ? a. $55,600 b. $35,600 c. $36,600 d. $40,000 e. $39,600 f. $38,400 g. $33,600 h. None of the above

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