15. A company manufactures 50,000 units of a product and sells 40,000 units. Total manufacturing cost per unit is $50 (variable manufacturing cost, $10; fixed manufacturing cost, $40). Assuming no beginning inventory, the effect on net income if absorption costing is used instead of variable costing is that: net income is $400,000 lower net income is $400,000 higher net income is the same net income is $200,000 higher none of the above mpow>