5 LIET, Inc., manufacturers smartphones, and began operations on January 1, 2019. In January 2019, the company produced 22,000 units and sold 20,000 units at a sales price of $800 per smartphone. Cost information for January 2019 is as follows: Direct Materials Per unit: $260 per unit produced Per month: Direct Labor $105 per unit produced Variable Factory OH $56 per unit produced Fixed Factory OH $660,000 Variable Selling & Administrative $29 per unit sold Fixed Selling & Administrative $420,000 What is the firm's net operating income for January 2019 using variable costing? O a. $5,950,000 O b. $5,840,000 C. $6,010,000 d. $5,980,000 e. $5,920,000 QUESTION 6 Pleased to Meet You, Co. makes a single product and only one type of direct material is used to make this product. The firm uses a standard costing system and has provided the following data for July: Actual number of units of output produced Materials quantity variance Materials cost variance 10,000 units $32,600 Unfavorable (U) Standard amount of materials used per unit of output Actual total materials purchased/used Actual price per gram purchased/used $33,650 Unfavorable (U) 1.7 grams per unit 21,000 grams $8.20 per gram Assume there were no beginning or ending inventories of direct materials. The standard price per gram for the firm is closest to: a. $9.75 per gram b. $8.20 per gram C. $6.60 per gram Od. $6.65 per gram O e. $8.15 per gram