Question 7 8.33 pts The Sandbag Corp produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 100 Units in beginning inventory 0 Units produced 2,200 Units sold 2.000 Units in ending inventory 200 Variable costs per unit: Direct materials $ 30 Direct labor $ 10 Variable manufacturing overhead $ 5 Variable selling and administrative expenses $ 5 Fixed costs: Fixed manufacturing overhead $ 25,000 Fixed selling and administrative expense $ 25,000 What is the net operating income for the month under variable costing? O $60,000 $25,000 $55,000 O $50,000