Question
A business operated at 100% of capacity during its first month and incurred the following costs:...
A business operated at 100% of capacity during its first month and incurred the following costs:
| Production costs (18,500 units): | ||
| Direct materials | $170,900 | |
| Direct labor | 233,200 | |
| Variable factory overhead | 245,800 | |
| Fixed factory overhead | 91,700 | $741,600 |
| Operating expenses: | ||
| Variable operating expenses | $123,300 | |
| Fixed operating expenses | 49,200 | 172,500 |
If 2,000 units remain unsold at the end of the month and sales total $1,079,000 for the month, what would be the amount of income from operations reported on the variable costing income statement?
a.$80,173
b.$70,259
c.$98,822
d.$234,990
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