UM UILUCU-&progress=false Calculator A business operated at 100% of capacity during its first month, with the following results: $566,400 Sales (118 units) Production costs (147 units): Direct materials Direct labor $76,275 19,475 34,080 32,458 Variable factory overhead Fixed factory overhead 162,288 Operating expenses: Variable operating expenses Fixed operating expenses $6,171 4,691 10,862 What is the amount of the income from operations that would be reported on the absorption costing income statement? Oa. $456,012 b. $451,321 c. $566,253 d. $425,266