Timmer Corporation just started business in January. There were no beginning inventories. During the year, it manufactured 11,000 units of product and sold 8,900 units. The selling price of each unit was $26. Variable manufacturing costs were $6 per unit, and variable selling and administrative costs were $3 per unit. Fixed manufacturing costs were $22,000, and fixed selling and administrative costs were $8,900 What would Timmers net income be for the year using absorption costing? Oa. $124,600 Ob. $99,680 Oc, $151,300 Od. $133,500 Next ng