Herman Company makes hockey sticks. The costs and prices for the sticks follow. Selling Price $23.00 per stick Variable Costs: Productions $11.00 per stick Selling $2.00 per stick Fixed Costs: Production $900,000 per year Selling and Admin $540,000 per year Assume that Herman produced 300,000 units for the year and sold 250,000. There was no beginning inventory, and all costs were incurred as expected. Assume that Herman produced 300,000 units for the year and sold 250,000. There was no beginning inventory, and all costs were incurred as expected. Reference: Ref 5-3 How much higher or lower would variable costing be than full (absorption) costing income?