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 32,000 units 19,200 units $ 16 per unit 18 per unit 3 per unit $160,000 in total $ Given Advanced Company's data, and the knowledge that the product is sold for $63 per unit and operating expenses are $270,000, compute the net income under variable costing. Multiple Choice $165,760 $133,200 $276,400 $64,000