Petra, Inc What Is the Operating Income Using Absorption Costing? (Round Any

Petra, Inc. has collected the following data. (There are no beginning inventories.) : $$\begin{array} { | l | r | l | } \hline \text { Units produced } & 480 & \text { units } \\\hline \text { Units sold } & 480 & \text { units } \\\hline \text { Sales price } & \$ 210 & \text { per unit } \\\hline \text { Direct materials } & \$ 40 & \text { per unit } \\\hline \text { Direct labor } & \$ 35 & \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 30 & \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 11,000 & \text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 10 & \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 10,000 & \text { per year } \\\hline\end{array}$$ What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

A) $39,400
B) $34,600
C) $24,600
D) $29,400