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A business operated at 100% of capacity during its first month, with the following results: Sales (98 units) $4,214 Production costs (123 units): Direct materials
A business operated at 100% of capacity during its first month, with the following results:
Sales (98 units) | $4,214 | |
Production costs (123 units): | ||
Direct materials | $578 | |
Direct labor | 148 | |
Variable factory overhead | 258 | |
Fixed factory overhead | 246 | 1,230 |
Operating expenses: | ||
Variable operating expenses | $614 | |
Fixed operating expenses | 344 | 958 |
What is the amount of the income from operations that would be reported on the absorption costing income statement?
Select the correct answer.
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