A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,400 units): Direct materials $183,100 Direct labor 235,300 Variable factory overhead 241,500 Fixed factory overhead 102,000 $761,900 Operating expenses: Variable operating expenses $127,900 Fixed operating expenses 44,600 172,500

If 1,500 units remain unsold at the end of the month and sales total $1,146,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? a.$53,796 b.$76,174 c.$62,111 d.$265,297