Aquatic Pets Inc. makes 100-gallon plexiglass aquariums. They reported the following financial information for last year: Direct labor: Production manager salary: 6,000 hours @ $20/hr $50,000 $24,000 Factory rent: Equipment maintenance: Equipment depreciation: Production for the year: Total Revenue: Total aquariums sold during the period: Operating Income under absorption costing (after non-production expenses): $10,000 (considered a variable expense) $10,000 12,000 units $1,000,000 15,000 units $204,000 Assume that the fixed costs were the same on a per-unit basis during the prior period. What would Operating Income be under variable costing? (Round per-unit costs to the nearest cent.) Select one: a. $180,510 b. $227,490 c. $183,000 d. $225,000 e. None of the above