The principle of exceptions allows managers to focus on correcting variances between a. standard costs and actual costs b. competitor's costs and actual costs c. competitor's costs and standard costs d. variable costs and actual costs Jase Manufacturing Co.'s static budget at 8,000 units of production includes $32,000 for direct labor and $3,200 for electric power. Total fixed costs are $43,500. At 10,200 units of production, a flexible budget would show a. variable costs of $44,880 and $43,500 of fixed costs b. variable costs of $35,200 and $43,500 c. variable costs of $44,880 and $55,463 of fixed costs d. variable and fixed costs totaling $78,700 The amount of income under absorption costing will be more than the amount of income under variable costing when units manufactured a. exceed units sold b. are less than units sold c. are equal to or greater than units sold d. equal units sold