Required information O'Leary Company manufactures a single product that it sells for $29 per unit. The company has the following cost structure: Variable costs per unit: Manufacturing Selling and administrative Fixed costs in total Manufacturing Selling and administrative There were no units in beginning inventory. During the year, 16,000 units were produced and 14,000 units were sold. What was the company's operating income for the year under variable costing? Multiple Choice $58,000 $11 $4 $80,000 $58,000 $60,000

Required information O'teary Company manufactures a single product that it sells for $29 per unit. The company has the following cost structure: There were no units in beginning inventory. During the year, 16,000 units were produced and 14,000 units were sold. What was the company's operating income for the year under variable costing? Multiple Choice $58,000 $60,000