Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of peanut butter each quarter. The following data are available for the third quarter of 2017. Required a. Compute the cost per case under both absorption costing and variable costing. Absorption \$ Variable $ b. Compute net income under both absorption costing and variable costing. Do not use a negative sign with your answers