Grainger Company produces only one product and sells that product for $110 per unit. Cost information for the product is as follows: Direct Material Direct Labor Variable Overhead Fixed Overhead $16 per Unit $25 per Unit $5 per Unit $34,000 Selling expenses are $4 per unit and are all variable. Administrative expenses of $20,000 are all fixed. Grainger produced 5,000 units; sold 4,000; 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 method provided more net income by $