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Company Ex incurred fixed manufacturing costs of $16000 during 20x4. Other infor...

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Company Ex incurred fixed manufacturing costs of $16000 during 20x4. Other information for 20x4 includes:

Budgeted

denominator level

2000units
Total units produced2338units
Total units sold1900units
Variable cost per unit4$
Beginning inventory0 

The fixed manufacturing cost rate is based on the budgeted denominator level. The operating income using variable costing will be ________ as compared to the operating income under absorption costing.

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