Wayne Corporation manufactures a single product. The company has supplied the following data:

Selling price per unit

$ $38$

Variable costs per unit:

Production

$ $9$

Selling and administrative

$ $5$

Fixed costs per year:

Production

$ $75,000$

Selling and administrative

$ $50,000$

There was no beginning inventory. During the year $25,000$ units were produced and $20,000$ units were sold.

The company's net operating income for the year under variable costing would be:

Group of answer choices

$255,000$

$355,000$

$455,000$

$155,000$