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A business operated at 100% of capacity during its first month, with the following results: Sales (98 units) $480,200 Production costs (122 units): Direct materials $64,622 Direct labor 16,499 Variable factory overhead 28,874 Fixed factory overhead 27,499 137,494 Operating expenses: Variable operating expenses $5,541 Fixed operating expenses 3,696 9,237 The amount of gross profit that would be reported on the absorption costing income statement is Oa. $360,517 O b. $480,078 Oc. $364,213 O d. $369,754 Bluegill Company sells 16,700 units at $140 per unit. Fixed costs are $116,900, and operating income is $1,285,900. Determine the following: a. Variable cost per unit $ b. Unit contribution margin $ per unit c. Contribution margin ratio %