Calculator A business operated at 100% of capacity during its first month, with the following results: Sales (104 units) Production costs (130 units): $520,000 Direct materials Direct labor Variable factory ovrhead Fixed factory overhead $65,000 16,250 29,250 26,000 136,500 Operatigg expenses: $5,580 Variable operating expenses Fixed operating expenses What is the amount of the income from operations that would be reported on the variable costing income statement? Oa. $426,020 O b. $396,480 3,540 9,120 c. $519,870 () d. $510,880 All work saved