A business operated at 100% of capacity during its first month, with the following results:...
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Accounting
A business operated at 100% of capacity during its first month, with the following results: Sales (109 units) $457,800 Production costs (136 units): Direct materials $61,747 Direct labor 15,765 Variable factory overhead 27,589 Fixed factory overhead 26,275 131,376 Operating expenses: Variable operating expenses Fixed operating expenses $6,429 4,217 10,646 What is the amount of the income from operations that would be reported on the absorption costing income statement? Oa. $362,919 Ob. $367,136 Oc. $341,860 Od. $457,664
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