answer E is $245,800

Advanced Company reports the following information for the current year. As beginning inventory amounts equaled 50 this year Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 29.000 units 17.400 units 3 13 per unit $ 15 per unit $ 3 per unit $145, in total Given Advanced Company's data, and the knowledge that the product is sold for $60 per unit and operating expenses are $240,000, compute the net income under variable costing. Multiple Choice $58,000 $119.600 $125,860 O $177600