Required information [The following information applies to the questions displayed below.) Red and White Company reported the following monthly data: 25 per Units produced 2,000 units Sales price s unit Direct materials $ 1 per unit Direct labor $ 2 per unit Variable overhead $ 3 per unit Fixed overhead $8,000 total What is Red and White's net income under variable costing if 980 units are sold and operating expenses are $12,000? Multiple Choice O $12,000) $10,620 O $2,700 O $6,620 $(1.380)