The following table shows the inventory balances, in units, for years 1, 2, and 3. Totalfixed manufacturing costs were $52,000 for each of the last five years. The units in Year 1 beginning inventory were based on production of 500 units. Year 2 1 120 0 120 Beginning inventory Production Sales 500 620 620 (620) (500) (620) Ending inventory 0 120 120 For each year, calculate the difference between absorption costing and variable costing operating income Indicate which costing system has the higher net income For each year, calculate the difference between absorption costing and variable costing operating income. Indicate which costing system has the higher net income. Year 1 2 3 $ $ Difference in operating income Costing system that has higher net income Variable Costing Absorption Costing Neither e Textbook and Media Save for Later Last saved 8 hours ago Saved work will be auto submitted on the due date Auto- submission can take up to 10 minutes Attempts: unlimited Submit