Mortech Company had net income of $251,000 based on variable costing. Beginning and ending inventories were 51.000 units and 48,500 units, respectively. Assume the fixed overhead per unit was $0.75 for both the beginning and ending inventory. What is net income under absorption costing? Answer is not complete. When the number of units sold exceeds the number of units produced, net income under absorption costing will be Lower than income using variable costing The difference in income is equal to The number of units subtracted from inventory multiplied by the fixed overhead per unit Net Income under variable costing Fixed overhead per unit: Net Income under absorption costing $ 0.75 0