Check my work 2 Bianca Bicycle Company manufactures mountain bikes with a variable cost of $1,500. The bicycles sell for $2,250 each. Budgeted fixed manufacturing overhead for the most recent year was $11,500,000. Planned and actual production for the year were the same. Required: State whether income is higher under variable or absorption costing and the amount of the difference in reported opearting income under the two methods. Treat each condition as an independent case. (Round intermediate calculations to 2 decimal places.) 10 points eBook 1. Production 22,500 units 26,000 units Print Sales 2. Production 11,600 units References 11,600 units 11,750 units 10,050 units Sales 3. Production Sales Amount of Difference Income Higher Under (Method) 1. 2 3. e