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 Multiple Choice O During the year, Mallory produced 10,000 units, out of which 9,100 were sold for $50 each. What is net income under absorption costing? O $251,250. $ 6.00 per unit. $ 2.00 per unit $ 1.50 per unit $ 40,000 $254,850. $ 3.00 per unit $ 50,000

Mallory industries has the following cost information for the year just ended: During the year, Mallory produced 10,000 units, out of which 9,100 were sold for $50 each. What is net income under absorption costing? Muitiple Choice $251,250. $254,850