Normal capacity of the Benn Company is 80,000 units per quarter, or 320,000 units per year.

Standard variable cost per unit is materials, $4; labor, $2.50; and overhead, $0.90; or a total of $7.40 per unit. Standard fixed manufacturing expenses are $224,000 per year. In the following data there is no variance except the volume variance. This was closed to income each quarter as the absorption costing income statements were prepared. Thus, all inventories are stated at standard cost.

Required:
Using the given data, compute the variable costing income for each quarter.

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1st Quarter 2nd 3rd 4th Quarter Quarter Quarter Units produced 80,000 Units sold... 80,000 86,000 78,000 75,000 79,000 83.000 77,000 Absorption costing income $128,000 $129,000 $129,300 $122,500