QUESTION 9 At a volume of 36,000 units, Smithy reported profit of $160,000 and a contribution margin of $10 per unit. The company's fixed costs totaled: QUESTION 10 GrayCell budgeted $380,000 of fixed manufacturing, which they allocated over an activity base of 1,000 units. They actually produced 2700 units, actually incurred $330,000 in fixed manufacturing overhead, and actually sold 2100 units. Indicate the choice that correctly fills in the blank to this sentence: Assuming GrayCell uses the write-off method to adjust COGS, GrayCell's reported income under absorption costing will be under variable costing. than their reported income (Provide the dollar value and whether the value is higher or lower with a "H" or "L")