QUESTION 26 Vision Tester, Inc., a manufacturer of optical glass, began operations on February 1 of the current year. During this time, the company produced 900,000 units and sold 800,000 units at a sales price of $12 per unit. Cost information for this year is shown in the following table: Production costs Direct materials $ 0.80per unit Direct labor $ 0.70per unit Variable overhead w $ 500,000 in total Fixed overhead $ 450,000in total Non-production costs Variable selling and administrative $ 30.000in total Fixed selling and administrative $ 490,000in total Given this information, which of the following is true? Net income under variable costing will exceed net income under absorption costing by $50,000. Net income under absorption costing will exceed net income under variable costing by $50,000. Net income will be the same under both absorption and variable costing. O Net income under absorption costing will exceed net income under variable costing by $60,000. Net income under variable costing will exceed net income under absorption costing by $60,000