Buckbee Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials 97 Fixed costs per year: Direct labor 629,000 Fixed manufacturing overhead $2,849,000 lling and administrative $1,056,000 expenses The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 37,000 units and sold 32,000 units. The company's only product is sold for $261 per unit the company uses a variable costing system that assigns $17 of direct labor cost to each unit that is produced. The net operating income under this costing system is: Assume Multiple Choice $1184,000 $229.000 $714,000 $799,000