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A business operated at 100% of capacity during its first month, with the following results: Sales (104 units) $603,200 Production costs (130 units): Direct
A business operated at 100% of capacity during its first month, with the following results: Sales (104 units) $603,200 Production costs (130 units): Direct materials $81,507 Direct labor 20,810 Variable factory overhead 36,418 Fixed factory overhead 34,685 173,420 Operating expenses: Variable operating expenses Fixed operating expenses $6,256 4,748 11,004 The amount of gross profit that would be reported on the absorption costing income statement is a. $464,463 Ob. $603,070 c. $458,208 Od. $453,460
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