QUESTION 22 Johnston Corporation manufactures a single product that it sells for $30 per unit. The company has the following cost structure Variable Costs per Unit: Production $8 Selling and Administrative $5 Fixed Costs in Total: Production $80,000 Selling and Administrative $60,000 Last year there was no beginning inventory. During the year, 20,000 units were produced and 17,000 units were sold. The company's net operating income for the year under variable costing is: $110,000 $149,000 $161,000 $170,000 $100,000