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 16.40 units 28 per unit 30 per unit $220,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $88 per unit and operating expenses are $390,000, compute the net income under variable costing Multiple Choice . 8,000 50200 5300 500.000 630 800