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A business operated at 100% of capacity during its first month, with the following results: Sales (117 units) $561,600 Production costs (146 units): Direct materials

A business operated at 100% of capacity during its first month, with the following results:

Sales (117 units) $561,600
Production costs (146 units):
Direct materials $75,756
Direct labor 19,342
Variable factory overhead 33,849
Fixed factory overhead 32,237 161,184
Operating expenses:
Variable operating expenses $5,219
Fixed operating expenses 4,072 9,291

The amount of operating income that would be reported on the absorption costing income statement is

a.$453,047

b.$561,454

c.$448,975

d.$423,141

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