Full costing and variable costing operating income Start Me Up, Inc., manufactures a caffe...

Full costing and variable costing operating income Start Me Up, Inc., manufactures a caffeinated energy drink that sells for $4 each. The results for its first year of operations appear in the table below.

Required

1. Compute the operating income for the first year under full costing.

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2. Compute the operating income for the first year under variable costing.