Required information (The following information applies to the questions displayed below.) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 27,000 units 16,200 units 11 per unit 13 per unit 3 per unit $135,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $52 per unit and operating expenses are $220,000, compute the net income under variable costing