Bacon Mfg. has provided the following information. 2020 2021 Units produced 1:000 1,000 Units sold 825 875 Selling price per unit 520,00 $20:00 Total Manufacturing Costs: Variable 2,000 2,000 Fixed 3,000 3,000 Total Selling and Administration Variable 825 875 Fixed 3,000 3,000 What is the difference in operating income between absorption and variable costing for 2021? a. Absorption income is $1,250 greater than variable income. b. Absorption income is $1,250 less than variable income. c. Absorption income is $375 greater than variable income. d. Absorption income is $2,125 greater than variable income