what is the net operating income under the variable and absorption cost system.

ACER company Product sales: 1,000 units at $10 each

Variable manufacturing costs: $5.50 per unit

Fixed manufacturing overhead (planned and actual): $1,200

Variable selling and administrative costs: $0.50 per unit sold

Fixed selling and administrative costs: $1,000

No beginning inventory Units produced (planned and actual): 1,200.

Operating income under variable (direct) costing is:

B: RENO Corporation produces a single product. Last year, the company had net operating income of $50,000 using variable costing. Beginning and ending inventories were 13,000 units and 18,000 units, respectively. If the fixed manufacturing overhead cost was $2.00 per unit, what would have been the net operating income using absorption costing?