Grainger Company produces only one product and sells that product for $110 per unit. Cost information for the product is as follows: Direct Material $14 per Unit Direct Labor $24 per Unit Variable Overhead $4 per Unit Fixed Overhead $40,200 Selling expenses are $5 per unit and are all variable. Administrative expenses of $30,000 are all fixed. Grainger produced 6,000 units; sold 4,800; and had no beginning inventory. A. Compute net income under i. Absorption Costing $fill in the blank 1 240,240 ii. Variable Costing $fill in the blank 2 B. Which costing method provide higher net income