Tina Industries Manufactures a Product Whose Variable Costs Are 62

Multiple Choice

Tina Industries manufactures a product whose variable costs are 62.5% of sales.Tina's tax rate is 35% and net income for the year was $33,696.If Tina sold 23,040 units at $16 per unit, what were the company's operating income and fixed costs (round your answer if necessary) ?

A) $51,840; $86,400
B) $96,275; $134,125
C) $138,240; $41,965
D) $171,936; $75,661