Indiana Corporation produces a single product that it sells for $9 per unit.During the first year of operations,100,000 units were produced and 90,000 units were sold.Manufacturing costs and selling and administrative expenses for the year were as follows: 
What was Indiana Corporation's operating income for the year using variable costing?
Definitions:
Defective Product
A manufactured item that has a flaw or weakness making it unsafe or unfit for its intended use.
Negligence Case
Legal disputes that arise when an individual or entity fails to take reasonable care to avoid causing injury or loss to another person, resulting in harm.
Buyer's Family
Direct relatives or dependents of the purchaser, which might be considered in specific contexts like estate planning, insurance, or family-oriented transactions.
Contributory Negligence
A legal doctrine that reduces the amount of damages a plaintiff can recover in a negligence-based claim, based upon the degree to which the plaintiff's own negligence contributed to cause the injury.
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