CraneCompany sells its product for $11200per unit. Variable costs per unit are: manufacturing, $7000; and selling and administrative, $120. Fixed costs are: $28800manufacturing overhead, and $38800selling and administrative. There was no beginning inventory at 1/1/20. Production was24units per year in 2020-2022. Sales were24units in 2020,20units in 2021, and28units in 2022.

Income under variable costing for 2021 is

$21200.

$14000.

$32800.

$18800.