A business operated at 100% of capacity during its first month, with the following results: $90,000 Sales (90 units) Production costs (100 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead S40,000 20,000 2,000 -7.000 69,000 Operating expenses Variable operating expenses Fixed operating expenses $ 8,000 1.000 9.000 The amount of contribution margin that would be reported on the variable costing income statement is a. $20,200 b. $29,700 C. $34.200 d. 526.200