Wright Corporation has the following standard costs associated with the manufacture and sale of one of its products:

Direct material$3.00 per unitDirect labor2.50 per unitVariable manufacturing overhead1.80 per unitFixed manufacturing overhead4.00 per unit (based on an estimate of 50,000 units per year)Variable selling expenses.25 per unitFixed SG&A expense$75,000 per yearDuring its first year of operations Wright manufactured 51,000 units and sold 48,000. The selling price per unit was $25. All costs were equal to standard.

During its first year of operations Wright manufactured 51,000 units and sold 48,000. The selling price per unit was $25. All costs were equal to standard.

Refer to Wright Corporation. Based on variable costing, the income before income taxes for the year was

Select one:

a. $560,000.

b. $562,600.

c. $570,600.

d. $547,500.