7 Required information [The following information applies to the questions displayed below) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year Part 2 of 3 Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 45,000 units 27,000 units $ 29 per unit $ 31 per unit $ per unit $225,000 in total 01:52 20 ce Given Advanced Company's data, and the knowledge that the product is sold for $89 per unit and operating expenses are $400.000 compute the net income under absorption costing Multiple Choice $167000 7 Given Advanced Company's data, and the knowledge that the product is sold for $89 per unit and operating expenses are $400,000, compute the net income under absorption costing of 3 Multiple Choice 152.07 O $167.000 5302,000 $77000