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 37,000 units 22,200 units 5 21 per unit $ 23 per unit $ 3 per unit $185,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $73 per unit and operating expenses are $320,000, compute the net income under variable costing $125,000 Fixed overhead ven Advanced Company's data, and the knowledge that the product is sold for $73 per unit and operating expenses are $320,000, compute the net come under variable costing Multiple Choice $327400 $243,460 $74.000 $146.200 $72200