Which costing method, absorption or variable, would show higher operating income and by what amount? * Selected data concerning the operations of NUBD Company for the year ended December 31, 2021 is available as follows: Units produced 10,000 Variable factory overhead P12,000 Units sold 9,000 Fixed selling & admin. exp 30,000 Direct materials used P 40,000 Variable selling & admin. exp. 4,500 Direct labor incurred P 20,000 Finished goods inventory, beg none Fixed factory overhead P 25,000 There were no work in process inventory at the beginning and end of 2021. O Absorption costing, P2,500 O Variable costing, P2,500 O Absorption costing, P5,500 O Variable costing, P5,500