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 Direct labor Variable overhead Fixed overhead Non-production costs Variable selling and administrative Fixed selling and administrative $ 0.80 per unit $ 0.70 per unit $500,000 in total $450,000 in total $ 30,000 in total $490,000 in total Given this information, which of the following is true? Multiple Choice Net income under variable costing will exceed net income under absorption costing by $50,000. O Net income under variable costing will exceed net income under absorption costing by $60,000 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 anable costing