Preferred Products has the following cost information available for 2009:Direct

Preferred Products has the following cost information available for 2009:Direct Materials $4.00 per unitDirect Labor $3.00 per unitVariable manufacturing overhead $2.00 per unitVariable selling and administrative costs $1.00 per unitFixed manufacturing overhead $25000Fixed selling and administrative costs $10000During 2009 Preferred produced 5000 units out of which 4600 units were sold for $30 each.A. Calculate Preferreds net income assuming the company uses variable costing.B. Calculate Preferreds net income assuming the company uses absorption costing.