ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 38,000 units at $40 each. Costs incurred were:

Variable manufacturing overhead per unit$17

Fixed manufacturing overhead299,000

Variable selling and administrative cost per unit8

Fixed selling and administrative cost per unit175,000

If there werenovariances, the company's absorption-costing income would be:(Round your intermediate calculations to 3 decimal places.)

Multiple Choice

• None of the answers is correct.
• $35,950.
• $570,000.
• $121,450.
• $110,950.