Carr Company produces a single product. Last year, Carr manufactured 29,010 units and sold 23,900 units Production costs for the year were as follows $319,110 $243,68 Flxed manufacturing overhead Varlable manufacturing overhead Direct labor Direct materlals 1218 214,6554 Sales were $1,159,150, for the year, varlable selling and administrative expenses were $126,670, and fixed selling and administrative expenses were $205,971. There was no beginning Inventory. Assume that direct labor Is a varlable cost. Under variable costing,the company's net operating Income for the year would be $30,149 lower than under absorption costing $30,149 higher than under absorption costing $56,210 lower than under absorption costing $56,210 higher than under absorption costing