Question 8 3 pts During 2026, its first year of operations, XYZ Company produced 20,900 units and sold 13,800 units. During 2027, XYZ Company produced 24,680 units and sold 28,800 units. The following information was taken from XYZ's accounting records for 2026 and 2027: 2026 2027 Direct materials cost per unit $18 $19 Direct labor cost per unit $22 $25 Variable overhead cost per unit $11 $13 Variable selling & admin cost per unit S6 56 Fixed overhead (total cost) $130,000 $186,000 Fixed selling & admin (total cost) $119,900 $125,000 Assume the selling price of XYZ Company's product was 580 per unit for both years. Calculate XYZ Company's 2027 net income using variable costing. Assume XYZ Company employs a FIFO inventory cost flow assumption