Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 35,000 units Units sold this year 21,000 units Direct materials $ 19 per unit Direct labor $ 21 per unit Variable overhead $ 3 per unit Fixed overhead $ 175,000 in total 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 variable costing. Multiple Choice $70,000 $183,000 $210,700 $307,000 $113,000