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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,900 units): Direct materials $174,100 Direct labor
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,900 units): Direct materials $174,100 Direct labor 220,700 Variable factory overhead 255,000 Fixed factory overhead 96,400 $746,200 Operating expenses: Variable operating expenses $131,000 Fixed operating expenses 43,300 174,300 If 2,000 units remain unsold at the end of the month and sales total $1,079,000 for the month, what would be the amount of income from operations reported on the variable costing income statement
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