Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $80 per unit. The following information pertains to the company's first year of operations in which it produced 40,000 units and sold 35,000 units. Variable costs per unit: Manufacturing: Direct materials 24 Direct labour 14 Variable manufacturing overhead 2 Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead $ 800, 000 Fixed selling and administrative expenses $496, 000 4. What is the company's net operating income under variable costing? Net operating income Net operating loss9. What would have been the company's variable costing net operating income (loss) if it had produced and sold 35,000 units? Net operating income Net operating loss