Grainger Company produces only one product and sells that product for $110 per unit. Cost Information for the product is as follows: Direct Material $16 per Unit Direct Labor $24 per Unit Variable Overhead $5 per Unit Fixed Overhead $40,200 Selling expenses are $4 per unit and are all variable. Administrative expenses of $24,000 are all fixed. Grainger produced 6,000 units; sold 4,800; and had no beginning inventory A. Compute net income under 1. Absorption Costings Hi. Variable Costing 5 B. Which costing method provide higher net income? By how much? The absorption costing method provided more net income by