Grainger Company produces only one product and sells that product for $90 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 $40,800 Selling expenses are 84 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 Costing il. Variable Costing B. Which costing method provide higher net income? By how much? The method provided more net income by