Calculator A business operated at 100% of capacity during its first month, with the following results: $609,900 Sales (107 units) Production costs (134 units): Direct materials Direct labor $82,567 21,081 36,892 Variable factory overhead Fixed factory overhead 175,674 Operating expenses: $5,437 Variable operating expenses Fixed operating expenses 3,579 9,016 The amount of operating income that would be reported on the absorption costing Income statement is a. $609,766 b. $488,662 c. $460,608 d. $492,241