A company started its operation two years ago. Below is the selected information for the two years. The company's cost structure selling prices were the same for the two years. The company allocates its fixed manufacturing overhead costs to the number of uni produced in each year. Year 2 35,000 38,000 Units produced Units sold Absorption costing net operating income Variable costing net operating income Fixed selling & admin, expenses Year 1 35,000 31,000 ? $66,000 $19,000 101,000 $19.000 What was the total net operating income under absorption cost for the two years (Year 1-Year 2)? O $167,000 $169,000 $173,000 O $175,000 Assume the following information for the first year of operations for a company that sells only one product for a price of $48 per unit: $ 25 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $140,000 $200,000 $ 70,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 20,000 units and sold 18,000 units. The company wishes to compare a variable costing system that assigns $7.00 of direct labor cost to each unit produced with a super-variable costing system. Which of the following statements is true when comparing these two cost systems? Multiple Choice The variable costing net operating income will be $126,000 less than the super variable costing net operating income