ndiana Corporation produces a single product that it sells for $9 per unit. During the first year of operations,110,016 units were produced, and 103,539 units were sold. Manufacturing costs and S&A expenses for the year were as following:   Fixed Costs Variable Costs             Raw materials -- $                             1.93   per unit produced         Direct labour -- $                             1.46   per unit produced         Factory overhead $      97,087 $                             0.66   per unit produced         Selling and administrative $      66,735 $                             0.58   per unit sold Required: What was Indi's operating income for the year using absorption costing? Round your answer to the nearest dollar.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Indiana Corporation produces a single product that it sells for $9 per unit. During the first year of operations,110,016 units were produced, and 103,539 units were sold. Manufacturing costs and S&A expenses for the year were as following:

  Fixed Costs Variable Costs            
Raw materials -- $                             1.93   per unit produced        
Direct labour -- $                             1.46   per unit produced        
Factory overhead $      97,087 $                             0.66   per unit produced        
Selling and administrative $      66,735 $                             0.58   per unit sold

Required: What was Indi's operating income for the year using absorption costing? Round your answer to the nearest dollar.

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