12 Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year Units produced this year Units sold this year Direct materials Direct labor 30,000 units 18,000 units $ 14 per unit $ 16 per unit Variable overhead Fixed overhead $ 3 per unit $ 150,000 in total Belle Company's product is sold for $61 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $220,000 per year Compute the net Income under absorption costing. Multiple Choice O $60.000 $104,000 O $138.600 $158,000 O $254.000

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