Chicago began business at the start of the current year

Chicago began business at the start of the current year. The company planned to produce25,000 units, and actual production conformed to expectations. Sales totaled 22,000 units at $30 each. Costs incurred were: Fixed manufacturing overhead.......... $150,000 Fixed selling and administrative cost.. 100,000 Variable manufacturing cost per unit....... 8 Variable selling and administrative cost per unit..... 2 If there were no variances, the company's variable-costing net income would be: