A company reports the following information for its first year of operations Compute product cost per unit under absorption costing. Note: Round answers to 2 decimals. Compute product cost per unit under variable costing. Note: Round answers to 2 decimals. Prepare an income statement using absorption costing. Compared to income under absorption costing, will income under variable costing be higher, lower, or the same for this year? Compared to income under absorption costing, income under variable costing will be