A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units): Direct materials $178,100 Direct labor 237,100 Variable factory overhead 261,900 Fixed factory overhead 94,100 $771,200 Operating expenses: Variable operating expenses $135,000 Fixed operating expenses 45,200 180,200 If 1,600 units remain unsold at the end of the month and sales total $1,117,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? Oa. $76,112 Ob. $54,168 Oc. $61,696 Od. $219,492 A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units): Direct materials $178,100 Direct labor 237,100 Variable factory overhead 261,900 Fixed factory overhead 94,100 $771,200 Operating expenses: Variable operating expenses $135,000 Fixed operating expenses 45,200 180,200 If 1,600 units remain unsold at the end of the month and sales total $1,117,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? Oa. $76,112 Ob. $54,168 Oc. $61,696 Od. $219,492