QUESTION 3 If a firm produces more units than it sells, absorption costing, relative to variable costing, will result in 1.higher income and assets 2. lower income but higher assets. 3. lower income and assets. 4. higher income but lower assets. QUESTION 4 In comparing financial and management accounting, which of the following more accurately describes management accounting information? a. historical, precise, useful b. budgeted, informative, adaptable c. required, estimated, internal d. comparable, verifiable, monetary