Shrover Began Business at the Start of the Current Year

Multiple Choice

Shrover began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totalled 37,000 units at $42 each. Costs incurred were: $\begin{array} { | l | r | } \hline \text { Fixed manufacturing overhead } & \$ 240,000 \\\hline \text { Fixed selling and administrative cost } & 140,000 \\\hline \text { Variable manufacturing cost per unit } & 19 \\\hline \text { Variable selling and administrative cost per unit } & 7 \\\hline & \\\hline\end{array}$ If there were no variances, Shrover's variable-costing net income would be:

A) $155,000.
B) $212,000.
C) $240,500.
D) $452,000.
E) $592,000.