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

Sales (160 units)		$160,000
Production costs (200 units):
Direct materials	$100,000
Direct labor	20,000
Variable factory overhead	10,000
Fixed factory overhead	4,000	134,000
Operating expenses:
Variable operating expenses	$ 12,000
Fixed operating expenses	2,000	14,000

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

	A.	$56,000
	B.	$44,000
	C.	$38,000
	D.	$30,000