The Hoops Corporation manufactures and sells hula hoops. The following data is related to sales and production of the hula hoops for last year. Selling price per unit $8.40 Variable manufacturing costs per unit $1.87 Variable selling and administrative expenses per unit $4.45 Fixed manufacturing overhead (in total) $76,000 Fixed selling and administrative expenses (in total) $81,000 Units produced during the year 530,000 150,000 Units sold during year Using variable costing, what is the operating income for last year? A. $312,000 B. $1,260,000 C. $469,000 OD. $155,000