Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 95,000 units 57,000 units $ 27 per unit $ 29 per unit S 3 per unit $ 783, 750 in total Belle Company's product is sold for $83 per unit a Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $350,000 per year. Compute the net income under variable costing. Multiple Choice $86,000 $120,250 S355 180 $110,200 $388,600