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

Sales (103 units)		$556,200
Production costs (129 units):
Direct materials	$75,302
Direct labor	19,226
Variable factory overhead	33,646
Fixed factory overhead	32,044	160,218
Operating expenses:
Variable operating expenses	$5,144
Fixed operating expenses	4,393	9,537

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

a.$444,323

b.$448,716

c.$556,071

d.$418,737

17.

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

Sales (120 units)		$600,000
Production costs (150 units):
Direct materials	$75,000
Direct labor	18,750
Variable factory overhead	33,750
Fixed factory overhead	30,000	157,500
Operating expenses:
Variable operating expenses	$5,540
Fixed operating expenses	3,270	8,810

What is the amount of the contribution margin that would be reported on the variable costing income statement?

a.$599,850

b.$492,460

c.$591,190

d.$489,190

23.

A business operated at 100% of capacity during its first month and incurred the following costs:

Production costs (18,900 units):
Direct materials	$179,700
Direct labor	231,100
Variable factory overhead	270,000
Fixed factory overhead	91,000	$771,800
Operating expenses:
Variable operating expenses	$132,100
Fixed operating expenses	41,800	173,900

If 2,000 units remain unsold at the end of the month and sales total $1,182,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement?

a.$308,342

b.$72,042

c.$317,972

d.$81,672