Question: Given the data for Advanced Company, and knowing that the product sells for $51 per unit and that the operating expenses are $360,000, Advanced Company

Given the data for Advanced Company, and knowing that the product sells for $51 per unit and that the operating expenses are $360,000, 

Advanced Company reports the following information for the current year. All beginning inventory amounts equalled $0 this year.

Units produced this year45,000 units
units sold this year27,000 units
Direct materials$5.75 per unit
Direct labour$6.75 per unit
Variable Overhead

$168,750 total

Fixed overhead

$258,750 total


Calculate the net income based on variable cost.

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