ABC Company produces a single product and has the following cost structure: Number of units produced each year 3,000 Variable costs per unit: Direct materials $77 Direct labor $41 Variable manufacturing overhead $3 Variable selling and administrative expenses $5 Fixed costs per year: Fixed manufacturing overhead $36,000 Fixed selling and administrative expenses $249,000 Required: Compute the per unit product cost under absorption costing and variable costing. If ABC company produced 1,000 more units than it sold during the period, which method would produce the highest net income and by how much. Please base your response under the same cost structure in the prior year