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. $55,000 $67, 500 $80,000 $122, 500 $205,000 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. $55,000 $67, 500 $80,000 $122, 500 $205,000