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A business operated at 100% of capacity during its first month, with the following results: $672,600 Sales (114 units) Production costs (143 units): Direct materials
A business operated at 100% of capacity during its first month, with the following results: $672,600 Sales (114 units) Production costs (143 units): Direct materials $91,204 Direct labor 23,286 Variable factory overhead 40,751 Fixed factory overhead 38,810 194,051 Operating expenses: Variable operating expenses Fixed operating expenses $5,181 4,067 9,248 The amount of gross profit that would be reported on the absorption costing income statement is a. $672,457 Ob. $508,654 Oc. $512,721 O d. $517.902
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