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		43,000	units
Units sold this year		25,800	units
Direct materials	$	27	per unit
Direct labor	$	29	per unit
Variable overhead	$	3	per unit
Fixed overhead	$	215,000	in total

Given Advanced Company's data, and the knowledge that the product is sold for $83 per unit and operating expenses are $380,000, compute the net income under variable costing.

• $86,000

• $24,200

• $355,180

• $110,200

• $388,600