Wo the same intormation below to answer the next 2 questions Philip Company produced 60,000 units and sold 55,000 units at a sales price of $15 per tunit durine this vear (ao beginnings inventory. What is the operating income under absorntion costing? $190,500 $215,000 $195,000 $187,500 $210,500 Philip Company produced 60,000 units and sold 55,000 units at a sales price of $15 per unit during this year ino beginning inventory). Direct materials $2.50 per unit Direct labor $3.00 per unit Variable overhead $30,000 in total Fixed overhead $240,000 in total Variable selling and administrative $10,000 in total Foxed selling and administrative $50,000 in total What is the operating income under variable costing? $187,500 $195,000 $190,500 $215,000 $210,500