9. Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 25,000 units 15,000 units $9 per unit $11 per unit $75,000 in total $137,500 in total 12. Given Advanced Company's data, compute cost of finished goods in inventory under variable costing. a $285,000 b. $712,500 C. $427,500 d. $230,000 e. $345,000 13. Given Advanced Company's data, and the knowledge that the product is sold for $50 per unit and operating expenses are $200,000, compute the net income under absorption costing. a $55,000 b. $67,500 C. $80,500 d. $122,500 e. $205,000 14. Given Advanced Company's data, and the knowledge that the product is sold for $50 per unit and operating expenses are $200,000, compute the net income under variable costing. a. $55,000 b. $67,500 c. $80,500 d. $122,500 e. $205,000