Mouse Corp. began operations on January 1,20X1. The company sells a single product for $60 per unit. During 20X1,20,000 units were produced and 15,000 were sold. No work-in-process inventories were present on December 31,201. Costs during 20XI were as follows: The company computes their fixed manufacturing overhead rate for absorption-costing purposes using an expected production level of 22,000 units. The actual fixed overhead for the year was equal to the budgeted amount. Question 8 (3.5 points) The income under the variable-costing approach for Mouse Corp. for the year 201 would be