. Maverick Company produces basketballs. It incurred the following costs during the year: Direct materials Direct labor Fixed manufacturing overhead Variable manufacturing overhead Selling costs $14,850 $25,450 $11,850 $29,550 $21,050 a) What are the total product costs for the company under variable costing? b) What are the total product costs for the company under absorption? 5. Harris Company's fixed overhead costs are $4 per unit, and its variable overhead costs are $8 per unit. In the first month of operations, 50,000 units are produced and 46,000 units are sold. Which costing approach will report higher net income and why? By what amount will net income be different between the two costing methods