1. MC.20.134
2. MC.22.66
3. EX.21.135.ALGO
4. MC.20.61
5. EX.22.170.ALGO
6. EX.20.236.ALGO
7. EX.20.214.ALGO
8. MC.21.90
9. EX.22.179.ALGO
10. EX.21.126
11. EX.20.208.ALGO
12. EX.22.178.ALGO
13. MC.20.112.ALGO
14. MC.21.69
15. MC.20.149
16. MA.21.115-118
17. MA.20.168-172
18. MC.20.80.ALGO
19. EX.22.191.ALGO
20. MC.20.111
21. MC.21.96.ALGO
22. MC.20.123
23. MA.22.158-162
24. EX.22.181.ALGO
25. EX.20.218.ALGO
26. MC.20.106
27. MC.21.76.ALGO
28. MC.22.64
29. MC.20.152.ALGO
30. MC.21.79
31. MC.21.93.ALGO
32. EX.22.176.ALGO
33. MC.22.58
34. MC.20.115

Progress:22/35 items

Question Content Area

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

Sales (102 units)		$499,800
Production costs (127 units):
Direct materials	$67,271
Direct labor	17,175
Variable factory overhead	30,057
Fixed factory overhead	28,626	143,129
Operating expenses:
Variable operating expenses	$6,351
Fixed operating expenses	4,422	10,773

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

a. $384,846

b. $499,673

c. $378,495

d. $374,073