Krepps Corporation produces a single product. Last year, Krepps manufactured 30,030 units and sold 24,700 units. Production costs for the year were as follows: Direct materials $243,243 Direct labor $126, 126 Variable manufacturing overhead $237,237 Fixed manufacturing overhead $420, 420 Sales totaled $1.272,050 for the year, variable seling and administrative expenses totaled $133,380, and fixed selling and administrative expenses totaled $195,195. There was no beginning inventory. Assume that direct laboris a variable cost. Under variable costing, the company's net operating income for the year would be Multiple Choice $20,249 lower than under absorption costing $74620 lower than under absorption costing $74.620 Nicher an under absorption costing