https://ezto.mheducation.com/ext/map/index.html?_con-con&external browser=0&launchurl=https%253A%252F%252Fnewconnect.mheducation.com%2... Saved Help Save & Ex. During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit Variable overhead, $4 per unit, and Fixed overhead, $200,000. The company produced 25,000 units, and sold 17,500 units, leaving 7,500 units in Inventory at year end, Income calculated under variable costing is determined to be $345,000. How much Income is reported under absorption costing? Multiple Choice $345.000 $285,000 $545,000 $405,000 $235.000 2 of 8 !!! Next >