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Connect X C Krepps Corporation Produces A S X Course Hero x McGraw-Hill Connect x |C Accounting question | Chegg.con x | + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/activity/question-group/kEZASsBkEPt6400Ku25sX9w9AAx... EI Exam 2 i Saved Time Remaining: 33:43 Other End Options Session 11 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 8 02:39:31 Variable manufacturing overhead $237, 237 Fixed manufacturing overhead $420, 420 Sales totaled $1,272,050 for the year, variable selling and administrative expenses totaled $133,380, and fixed selling and administrative expenses totaled $195,195. There was no beginning inventory. Assume that direct labor is a variable cost Under variable costing, the company's net operating income for the year would be: Multiple Choice O $28,249 lower than under absorption costing. O $74,620 lower than under absorption costing. O $74,620 higher than under absorption costing. O $28,249 higher than under absorption costing. Grav Type here to search () ENG 6:01 PM 7/23/2020