QUESTION 2 Butteco Corporation has provided the following cost data for last year when 100,000 units were produced and sold: Raw materials ................ Direct labor.... Manufacturing overhead ............. Selling and administrative expense................... $200,000 $100,000 $200,000 $150,000 All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expense. There are no beginning or ending inventories. If the selling price is $10 per unit, the net operating income from producing and selling 110,000 units would be: $450,000 $385,000 $405,000 $560,000