Grainger Company produces only one product and sells that product for $100 per unit. Cost information for the product is as follows: Direct Material Direct Labor Variable Overhead Fixed Overhead $16 per Unit $24 per Unit $6 per Unit $40,200 Selling expenses are $5 per unit and are all variable. Administrative expenses of $30,000 are all fixed. Grainger produced 6,000 units; sold 4,800; and had no beginning inventory. A. Compute net income under i. Absorption Costing $ ii. Variable Costing B. Which costing method provide higher net income? By how much? The absorption costing method provided more net income by $