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

Sales (90 units)		$90,000
Production costs (100 units):
Direct materials	$40,000
Direct labor	20,000
Variable factory overhead	2,000
Fixed factory overhead	5,000	67,000
Operating expenses:
Variable operating expenses	$ 8,000
Fixed operating expenses	1,000	9,000

What is the amount of the income from operations that would be reported on the variable costing income statement?

Question 11 options:

	$28,000
	$22,000
	$20,200
	$19,400