31 Galaxy, Incorporated, a manufacturer of telescopes, began operations on June 1 of the current year. During this time, the company produced 60,000 units and sold 40,000 units at a sales price of $600 per unit. Cost information for this year is shown in the following table: Direct materials Direct labor Variable overhead Fixed overhead $90 per unit $75 per unit $4 per unit $420,000 in total Variable selling and administrative $ 80,000 in total Fixed selling and administrative $520,000 in total Given the Galaxy Incorporated data, what is income using variable costing? $16,360,000 $16,800,000 $11.275,000 $16.220.000 $17,400,000 QUESTION 36 Memphis Company anticipates total sales for April, May, and June of $880,000, $980,000, and $1,030,000 respectively. Cash sales are normally 25% of total sales. Of the credit sales, 40% are collected in the same month as the sale, 55% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from credit sales during the month of May. O$713.250. C$657,000. $970,750. $624,000. $902,000