Assume the following information for a company that produced 10,000 units during its first year of operations and sold 8,000 units: Per Unit Per Year Direct materials $ 75 Direct labor $50 Variable manufacturing overhead $ 10 Fixed manufacturing overhead $300,000 If the company's absorption costing net operating income during its first year of operations was $76,000, what was its variable costing net operating income during its first year of operations? Multiple Choice $36,000 $136,000 $116.000 $16,000