QUESTION 11 The Jetson Company had no beginning inventory. During 2012 the company manufactured 90,000 units and sold 80,000 units. The average selling price was $25 per unit. The company experienced the following costs: Direct materials $11.00/unit Direct labor $2.20/unit Other variable costs Manufacturing overhead $3.80/unit Selling $2.00/unit Other fixed costs Manufacturing overhead $180,000 Selling $25,000 Administrative $20,000 If the company uses variable costing net operating income for the year would be: $280,000 595,000 $275,000 $255,000