The HF Corporation manufactures and sells toy gyroscopes. The following data is   related to sales and production of the toy gyroscopes...

The HF Corporation manufactures and sells toy gyroscopes. The following data is

related to sales and production of the toy gyroscopes for last year.

Selling price per unit $8.00

Variable manufacturing costs per unit $1.83

Variable selling and administrative expenses per unit $4.45

Fixed manufacturing overhead (in total) $75,000

Fixed selling and administrative expenses (in total) $80,000

Units produced during the year 500,000

Units sold during the year 150,000

Using absorption costing, what is operating income for last year?