Required information (The following information applies to the questions displayed below.) Advanced Company reports the...
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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 Variable overhead Fixed overhead 28,000 units 16,800 units 12 per unit 14 per unit $ 84.000 in total $140,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $59 per unit and operating expenses are $230,000, compute the net income under variable costing. Multiple Choice o $235,600 o $134,000 o $113,680 o $190,000 9 o $56,000
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