8) As the CFO of a j ewelry-making company, Derek starts with the budget in his process of making the master budget for the next year. 9) Pablo was reviewing the water bill for his carwash business and determined that the highest bill, $5,000, occurred in July when 2,200 cars were washed and the lowest bill, $3,200, occurred in February when 1,400 cars were washed. Using the high-low method, the xed portion of the water bill was 10) The operating income will be lower under absorption costing than under variable costing if the number of units sold the number of units produced. (Note: please choose among the three: equals to, is greater than, is smaller than.)