Use the following to answer questions 8 and 9: Princess Ariel Company manufactures and sells two types of beach towels, standard and deluxe. The company budgets the following sales and variable costs for each towel for the upcoming year: Princess Ariel also budgets $57,600 in company-wide fixed expenses for the year. Princess Ariel's budgeted operating income for the year is: $4,800 $120,000 $62,400 $32,400 Princess Ariel's actual total sales for the year were $500,000; however, sales of Standard towels were $300,000 and sales of Deluxe towels were $200,000. Variable and fixed costs were in line with the budget. Princess Ariel's actual operating income for the year was: $120,000$74,800$122,400$62,400
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