MarxManufacturing produces snow shovels. The selling price per snow shovel is $28.00. There is no beginning inventory.

Costs involved in production are:

Direct material $5.00

Direct labor 4.00

Variable manufacturing

overhead 3.00

Total variable manufacturing

costs per unit $12.00

Fixed manufacturing overhead

per year $245,180

In addition, the company has fixed selling and administrative costs of $144,800per year.

During the year,Marxproduces53,300snow shovels and sells48,010snow shovels.

the ending inventory cost is $87,814

the value of ending inventory using variable costing is $63,480

Calculate the difference in full costing net income and variable costing net income without preparing either income statement.