The following information pertains to Redbud Inc.'s FYE 2021 financials: FYE 2021 period costs for Redbud, under both absorption and variable costing will be: Absorption costing $340,000 and Variable costing $340,000 Absorption costing $340,000 and Variable costing $870,000 Absorption costing $700,000 and Variable costing $870,000 Absorption costing $550,000 and Variable costing $700,000 Absorption costing $340,000 and Variable costing $700,000