A business operated at 100% of capacity during its first month, with the following results: Sales (104 units) $520,000 Production costs (130 units): Direct materials $65,000 Direct labor 16,250 Variable factory overhead 29,250 Fixed factory overhead 26,000 136,500 Operating expenses: Variable operating expenses Fixed operating expenses $5,250 3,000 8,250 What is the amount of the contribution margin that would be reported on the variable costing income statement? Oa. $426,350 Ob. $511,750 Oc. $519,870. Od. $423,350 Previous Next > Tea for Grading