Using variable costing, what is the net operating income for the second year of operations? Multiple Choice $130,000 $140,000 $150,000 $160,000 Assume the following information for a company that produced 10,000 units and sold 8,000 units during its first year of operations and produced 8,000 units and sold 10,000 units during its second year of operations Per Unit Per Year Selling price $ 200 Direct materials $ 76 Direct labor $50 Variable manufacturing overhead $ 9 Sales commission $ 8 Fixed selling and administrative expense $ 110,000 Fixed manufacturing overhead $ 300,000 Using variable costing, what is the net operating income for the second year of operations? Multiple Choice $130,000 $140,000