Absorb and Variable inc. produced 10,000 units and sold 20,000 units. Assume there is $450,000 in beginning inventory under variable costing and $500,000 in begin ning inventory under absorption costing. The following financial information is available for 2019. Selling price per unit Variable manufacturing overhead cost per unit Variable operating expense per unit Fixed manufacturing overhead costs Fixed operating expenses $60 $10 $17 $240,000 $400,000 1-Determine the operating income under the variable costing method. 2- Determine the operating income under the absorption costing method. 3-Which option would show the higher operating income if the production volume was 40,000 units instead of 10,000