1 pts D Question 7 Highland Resources Inc. produces a single product. During the most recent year, the company had a net operating income of $90,000 using absorption costing and $88,000 using variable costing. Its manufacturing cost was $10 per upit under absorption costing. Variable costs were $8 per unit, of which $2 was variable selling and administrative expense. There were no beginning inventories. If 7,500 units were sold last year, then production for last year must have been: 6.500 units 8.500 units 8.000 units 7.000 units Previous Next