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A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) 590,000 Production costs (100 units): Direct materials

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A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) 590,000 Production costs (100 units): Direct materials $40,000 Direct labor 20,000 Variable factory overhead 2,000 Fixed factory overhead 7.000 69,000 Operating expenses: Variable operating expenses $ 8,000 Fixed operating expenses 1.000 9.000 What is the amount of the income from operations that would be reported on the absorption cosuing income statement? $21.000 $18.900 $18.200 $27.900

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