A business operated at 100% of capacity during its first month, with the following results: Sales (105 units) $462,000 Production costs (131 units): Direct materials $62,309 Direct labor 15,909 Variable factory overhead 27,840 Fixed factory overhead 26,514 132,572 Operating expenses: Variable operating expenses $5,673 Fixed operating expenses 4,763 10,436 The amount of operating income that would be reported on the absorption costing income statement is a.$371,319 b.$366,556 c.$461,869 d.$345,304

6. MC.22.74.ALGO A business operated at 100% of capacity during its first month, with the following results: $462,000 7. MC.21.96.ALGO Sales (105 units) Production costs (131 units): 8. MC.22. 128. ALGO Direct materials $62,309 Direct labor 15,909 9. MC.21.87 ALGO Variable factory overhead 27,840 10. MC.22.125.ALGO Fixed factory overhead 26,514 132,572 11. MC.22.67.ALGO Operating expenses: Variable operating expenses 12. MC.22.91.ALGO $5,673 Fixed operating expenses 4,763 10,436 13. MC.22.86. ALGO The amount of operating income that would be reported on the absorption costing income statement is 14. MC.21.75 ALGO 15. MC.21.95 ALGO Oa. $371,319 Ob. $366,556 Oc. $461,869 Od. $345,304 16. MC.22.83.ALGO