A business operated at 100% of capacity during its first month, with the following results: Sales (96 units) $480,000 Production costs (120 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses $60,000 15,000 27,000 24,000 $5,770 06 3,570 $126,000 9,340 The amount of operating income that would be reported on the variable costing income statement is O a. $365,060 b. $470,660 c. $479,880 Od. $392,630

A business operated at 100% of capacity during its first month, with the following results: Sales (96 units) $480,000 Production costs (130 unite). $126,000 The amount of operating income that would be reported on the variable costing income statement is a. $365,060 b. $470,660 c. $479,880 d. 5392,630