Question 12 4.7 pts Fly Boy Company manufactures fishing rods with a variable manufacturing cost of $35. Budgeted (and actual) fixed manufacturing overhead for the most recent year was $400,000. Budgeted (and actual) production was 25,000 units and sales were 20,000 units. Which of the following statements is true? o Operating income the same under both variable and absorption costing. Operating income is higher under absorption costing by $100.000 O Operating income is lower under absorption costing by $80,000. O Operating income is lower under absorption costing by $100,000 o Operating income is higher under absorption costing by $80,000