Grainger Company produces only one product and sells that product for $100 per unit. Cost information for the product is as follows: Direct Material $14 per Unit Direct Labor $25 per Unit Variable Overhead $5 per Unit Fixed Overhead $40,200 Selling expenses are $3 per unit and are all variable. Administrative expenses of $18,000 are all fixed. Grainger produced 6,000 units; sold 4,800; and had no beginning inventory. A. Compute net income under i. Absorption Costing $ 211,200 X ii. Variable Costing $ 214,200 X B. Which costing method provide higher net income? By how much? The absorption costing method provided more net income by $ 14,400 X