The parsons company experienced the following costs in 2007: direct materials $4.50/unit direct labor $8.00/unit manufacturing overhead costs variable $2.00/unit fixed $150,000 selling & administrative costs fixed selling $15,000 variable selling $1.50/unit fixed administrative $10,000 during the year the company manufactured 60,000 units and sold 55,000 units. if net income for the year was $114,000 using full costing, what would net income be if the company used variable costing? assume no beginning inventories. $94,000 $134,000 $126,500 $101,500