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A business operated at 100% of capacity during its first month, with the following results: Sales (101 units) $454,500 Production costs (126 units): Direct materials

A business operated at 100% of capacity during its first month, with the following results: Sales (101 units) $454,500 Production costs (126 units): Direct materials $61,293 Direct labor 15,649 Variable factory overhead 27,386 Fixed factory overhead 26,082 130,410 Operating expenses: Variable operating expenses Fixed operating expenses $6,222 3,243 9,465 The amount of operating income that would be reported on the absorption costing income statement is Oa. $454,374 Ob. $340,500 Oc. $361,407 Od. $364,650

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