Exeter Ltd. introduced a new mass-produced specialty product early in the year. Production and sales of this product for the first four months are as follows: 
The firm's budgeted fixed overhead is $200,000, and budgeted output is 1,000 units per month. The volume variance, if any, is carried forward month-by-month and closed at the end of the year. When 1,000 units are produced and sold, expected monthly operating profit is $40,000. In which month(s) was variable costing profit higher than absorption costing profit?
Definitions:
Maneuvered
Strategically planned movements or actions designed to achieve a specific goal, often used in a military context but also applicable to political and social strategies.
Liberty Loans
War bonds that were sold in the United States to support the allied cause during World War I.
Robert Goldstein
A filmmaker and producer best known for his silent film "The Spirit of '76," which faced controversy and censorship during World War I.
Spirit of '76
Symbolizes American patriotism and the revolutionary spirit associated with the year 1776.
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