Hong Co. had net income of $382,100 under variable costing. Beginning and ending inventories were 2,200 units and respectively. Fixed overhead cost was $3.60 per unit for both the beginning and ending inventory. What is net income under absorption costing? 3,500 units When the number of units produced exceeds the number of units sold, net income under absorption costing will be Higher than income using variable costing The difference in income is equal to: The number of units added to inventory multiplied by the fixed overhead per unit 2,200 Net Income under variable costing Change in number of units in inventory 3.60 Multiplied by Net Income under absorption costing Fixed overhead per unit 3,500