Hong Co. had net income of $376,100 under variable costing. Beginning and ending inventories were 1,600 units and 2,900 units, respectively. Fixed overhead cost was $3.00 per unit for both the beginning and ending inventory. What is net income under absorption costing? When the number of units produced exceeds the number of units sold, net income under absorption costing will be: The difference in income is equal to: Net income under variable costing Net income under absorption costing