Mallory Industries has the following cost information for the year just ended: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative cost Fixed selling and administrative cost SSSSS EA $ 6.00 per unit $ 2.00 per unit $ 1.50 per unit $ 40,000 $ 3.00 per unit $ 50,000 During the year, Mallory produced 10,000 units, out of which 9,100 were sold for $50 each. What is net income under variable costing? A. $291,250 B. $254,850 C. $285,000 D. $251,250 Mallory Industries has the following cost information for the year just ended: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative cost Fixed selling and administrative cost SSSSS EA $ 6.00 per unit $ 2.00 per unit $ 1.50 per unit $ 40,000 $ 3.00 per unit $ 50,000 During the year, Mallory produced 10,000 units, out of which 9,100 were sold for $50 each. What is net income under variable costing? A. $291,250 B. $254,850 C. $285,000 D. $251,250