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Springstein began business at the start of the current year. The company planned to produce...

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Accounting

Springstein began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 37,000 units at $42 each. Costs incurred were: Fixed manufacturing overhead $240,000 Fixed selling and administrative cost 140,000 Variable manufacturing cost per unit 19 Variable selling and administrative cost per unit 7. If there were no variances, the company's variable-costing income would be:

$240,500.

$155,000.

$212,000.

$592,000.

None of these.

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