Required information (The following information applies to the questions displayed below) Red and White Company reported the following monthly data: Units produced Sales price Direct materials Direct labor Variable overhead Fixed overhead 4.000 units 45 per unit per unit per unit 10 per unit $8,800 in total What is Red and White's net income under variable costing if 1,180 units are sold and operating expenses are $14,000? Multiple Choice ($1,560) $7,240 ($1,200) $12,440 $4,644