4. Units produced Units sold Unit selling price 47,000 40,000 $15 per unit Unit product cost under absorption costing $9.70 per unit Unit product cost under variable costing $7.70 per unit Variable selling & admin. costs per unit Total fixed selling & admin costs per unit Total fixed manufacturing overhead $1.15 per unit $45,000 $94,000 What is net income under variable costing? A. $292,000 B. $153,000 C. $107,000 D. $246,000