Tennessee Tack manufactures horse blankets. In 2010, fixed overhead was applied to products at the rate of $8 per unit. Variable cost per unit remained constant throughout the year. In July 2010, income under variable costing was $188,000. July's beginning and ending inventories were 20,000 and 10,400 units, respectively. a. Calculate income under absorption costing assuming no variances. $ b. Assume instead that the company's July beginning and ending inventories were 9,000 and 12,000 units, respectively. Calculate income under absorption costing. $