Jade Jewelry produces jewelry made from that very durable and beautiful material. The company's cost system reported the following for April: Units Produced 20,000 Units Sold 17,000 Unit Sales Price $200 Manufacturing Cost $50 Direct Material per unit $25 Direct Labor per unit $10 Variable Manufacturing Overhead per unit $400,000 Fixed Manufacturing Overhead Nonmanufacturing Costs $80,000 Variable Selling Expenses $75,000 Fixed General and Administrative Costs How much greater will Jade Jewelry's income be under absorption costing than under variable costing? $60,000 $315,000 $400,000 $340,000