Q 8.63: The following absorption income statement was prepared for the Onesies Department of the Children's Clothing Producers (CCP): $ 370,000 Sales Less: Cost of goods sold Beginning inventory Plus: cost of goods manufactured Cost of goods available for sale Less: ending inventory Gross profit Less selling and admin costs Variable Fixed 350,000 350,000 70,000 280,000 90,000 30,000 30,000 60,000 $ 30,000 $150,000 of the cost of goods manufactured is fixed costs. If production was 5,000 units for the month, and sales were 4,000 units, what would be the net income under variable costing? A $0 B $(30,000) C $(10,000) D $30,000