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Business, 10.05.2021 15:50 glocurlsprinces

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 absorption costing.

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