1) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 35,000 unitsUnits sold this year 21,000 unitsDirect materials $19 per unitDirect labor $21 per unitVariable overhead $105,000 in totalFixed overhead $175,000 in totalGiven Advanced Company's data, compute cost per unit of finished goods under variable costing. a) $40.00b) $45.00c) $41.88d) $43.00e) $48.002) Given Advanced Company's data, compute cost per unit of finished goods under absorption costing. a) $40.00b) $53.33c) $45.00d) $43.00e) $48.003) Given Advanced Company's data, compute cost of finished goods in inventory under variable costing. a) $672,000b) $1,680,000c) $1,008,000d) $602,000e) $903,0004) Given Advanced Company's data, and the knowledge that the product is sold for $71 per unit and operating expenses are $300,000, compute the net income under absorption costing. a) $70,000b) $113,000c) $210,700d) $183,000e) $288,0005) Given Advanced Company's data, compute cost of finished goods in inventory under absorption costing. a) $672,000b) $1,680,000c) $1,008,000d) $602,000e) $903,000