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A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) $90,000 Production costs (100 units): Direct materials

A business operated at 100% of capacity during its first month, with the following results:

Sales (90 units)


$90,000

Production costs (100 units):



Direct materials

$40,000


Direct labor

20,000


Variable factory overhead

2,000


Fixed factory overhead

7,000

69,000




Operating expenses:



Variable operating expenses

$ 8,000


Fixed operating expenses

1,000

9,000


What is the amount of the income from operations that would be reported on the variable costing income statement?

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