Famously Frank Inc. incurred fixed manufacturing costs of $34,000 during 2020. Other information for 2020 includes: The budgeted denominator level is 2,600 units. Units produced total 1,800 units. Units sold total 1,200 units. Beginning inventory was zero. The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold. Operating income using absorption costing will be than operating income if using variable costing. (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) $11,333 lower $18,312 higher $15,692 lower $7,848 higher