[The following information applies to the questions displayed below.] Cool Pools, a manufacturer of above ground pools, began operations on January 1 of the current year. During this time, the company produced 45,000 units and sold 44,000 units at a sales price of $60 per unit. Cost information for this year is shown in the following table:Production costs Direct materials$11.25per unitDirect labor$3.20per unitVariable overhead$7per unitFixed overhead$39,600in totalNon-production costs Variable selling and administrative$2,000in totalFixed selling and administrative$6,000in totalGiven the Cool Pools Company data, what is net income using variable costing?
A. $1,627,150
B. $1,648,600
C. $1,708,600
D. $1,709,480
E. $1,649,480
Answer: B
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Answer the following statement true (T) or false (F)