Corporation produces one product. If the company has no beginning inventory and the number of units sold is less than the number of units produced, then net operating income under the absorption costing method for the year will:

A) be equal to the net operating income under variable costing less total fixed manufacturing costs.

B) be equal to the net operating income under variable costing.

C) None of these answers

D) be greater than the net operating income under variable costing.

E) be less than the net operating income under variable costing.