Voice | Sensitivity Editor Reuse Walsh Company produces a single product. Last year, the company manufactured 25,000 units and sold 22 000 units. Production costs were as follows: Direct Material $100.000 Direct Labor. $ 75.000 Variable Manufacturing overhead. $. 50,000 Fixed manufacturing overhead. $ 75.000 Sales totalled $410,000, variable selling and administrative expenses were $110,000, and fixed selling and administrative expenses were $45.000. There was no beginning inventory. Assume that direct labor is a variable cost. The net operating income under variable costing would be: (Ctrl)