Problem 7 - Using ABSORPTION costing, the company's operating income 3 points in 200A would be: Vanessa Corporation produces and sells a single product. In 2004, its first year of operation, planned and actual production was 80,000 units. It sold 75,000 of these units for P30 per unit. Planned actual costs in 200A were as follows: Manufacturing Variable P480,000 Fixed 320,000 Non manufacturing P400 000 240,000 P860,000 P840,000 P1,500,000 O P1,400,000 2 points Problem 7 - Using VARIABLE costing, the company's operating income in 200A would be: Vanessa Corporation produces and sells a single product. In 200A, its first year of operation, planned and actual production was 80,000 units. It sold 75,000 of these units for P30 per unit Planned actual costs in 200A were as follows: Manufacturing Variable P480,000 Fixed 320,000 Non manufacturing P 400.000 240,000 P860,000 P840,000 P1,500,000 A P1,400,000