TB MC Qu. 7-187 (Algo) Krepps Corporation produces ... Krepps Corporation produces a single product. Last year, Krepps manufactured 29,010 units and sold 23,900 units. Production costs for the year were as follows Direct materials $214,674 Direct labor $121,842 Variable manufacturing overhead $243, 6B4 Fixed manufacturing overhead $319,110 Soles totaled $1159,150 for the year, variable selling and administrative expenses totaled $126,670, and fixed selling and administrative expenses totaled $205,971. There was no beginning inventory. Assume that direct labor is a variable cost nder variable costing the company's net operating income for the year would be: Multiple Choice $56.210 Nisher than under absorption costing O $56.210 lower than under absorption costing. can 14 hinher than indar hennntinn rnstinn MacBook Air