Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $$0$ this year.

$\backslash$table$[[$Units produced this year,$28,000$ units$],[$Units sold this year,$16,800$ units$],[$Direct materials,$12$ per unit$],[$Direct labor,$14$ per unit$],[$Variable overhead,$3$ per unit$],[$Fixed overhead,$$140,000$ in total$]]$

MC Qu$.19-96$ Given Advanced Company's data, and the...

en Advanced Company's data, and the knowledge that the product is sold for $$59$ per unit and operating expenses are $$230,000,$ compute the net income under variable costing.

Multiple Choice

$$235,600$

$$113,680$

$$134,000$