Help Save &Exit S Letcher Corporation manufactures and sells one product. The following information pertains to the company's first year of operations Variable costs per unit: Direct materials 89 Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $1,782,000 616,00e 3,472,0ee 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 56.000 units and sold 54000 units. The company's only product is sold for $227 per unit. The company is considering using either super-variable costing or a variable costing system that assigns $11 of direct labor cost to each unit that is produced. Which of the following statements is true regarding the net operating income in the first year? Varlable costing net operating income exceeds super-variable costing net operating income by $124,000 K Prex 3 of 10 Next>