Doe Corp. produces a single product. The past year they manufactured 33,100 units and sold 27,800 units. Production costs for the year were: Fixed Manuf. overhead. $595,800, variable manuf. overhead $274,730, direct labor $145,640, direct materials $248,250. sales totaled $1,320,500, variable selling expenses were $164,020, and fixed selling and admin. expenses totaled $205,220. There were no units in beginning inventory. direct labor is a variable cost. Under variable costing, the net income for the year would be? 26,500 lower than absorption costing, 26,500 higher than absorption costing, 95,400 lower than absorption costing, 95,400 higher than absorption costing.