Question 1.12 (Instruction Sheet Needed) Under the highlow method, Nala Company's fixed expenses per month are closest to: $3,600 $5,200 $3,422 $3,533 Question 1.13 When production exceeds sales, the net operating income reported under absorption costing generally will be: O greater than net operating income reported under variable costing O higher or lower because no generalization can be made O less than net operating income reported under variable costing O equal to net operaing income reported under variable costing: Question 1.14 (Instruction Sheet Needed) Quasimodo's operating income for the year under variable costing is: $13,000, O $24,100 O $22,600 o $15,000, Use the following to answer questions 6 through 10: Pumbaa Inc. sells a single product. Pumbaa's income statement for the most recent year is presented below. Sales (4,000 units) Less variable expenses Contribution margin Less fixed expenses Operating income $120,000 (68,000) 52,000 (39.000 S 13,000 Use the following to answer questions 11 and 12: Nala Company is a small one-person company that provides elaborate and imaginative wedding cakes to order for very large wedding receptions. The owner of the company would like to understand the cost structure of the company and has compiled the following records of activity and costs incurred. The owner believes that the number of weddings catered is the best measure of activity Weddings Total Costs Month Catered January February2 March April May June $3,800 $3,600 $4,000 $4,300 $4,500 $5,200 9 12 20