During its first year of operations, the McCormick Company incuned the flowing manufacturing cost Direct materials Direct labor Variable overhead Fixed overhead $5 por uit $4 $363,000 per uni per year The company produced 33.000 units, and sold 27.000 units, leaving 6.000 units in inventory at year end Income calculated under vanable costing is determined to be $385,000 How much income is reported under absorption costing Muple Choice $74,000 $385.000 $417000 A