GrayCell budgeted $390,000 of fixed manufacturing, which they allocated over an activity base...
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Accounting
GrayCell budgeted $390,000 of fixed manufacturing, which they allocated over an activity base of 1,000 units. They actually produced 2500 units, actually incurred $330,000 in fixed manufacturing overhead, and actually sold 2200 units.
Indicate the choice that correctly fills in the blank to this sentence:
GrayCells reported income under absorption costing will be ___________ than their reported income under variable costing.
(Provide the dollar value and whether the value is higher or lower with a "H" or "L")
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