Variableand AbsorptionCosting ........ChandlerCompanysellsitsproductfor$100perunit. Variable

manufacturingcostsperunitare$40,andfixedmanufacturingcostsatthenormaloperatinglevel

of12,000unitsare$240,000.Variablesellingexpensesare$16perunitsold.Fixedadministrative

expensestotal$104,000.Chandlerhadnobeginnin ginventoryin2016.During2016,thecompany

produced 12,000 units and sold 9,000. Would net income for Chandler Company in 2016 be higher if calculated using variable costing or absorption costing? Calculate reported income using each method