A business operated at 100% of capacity during its first month, with the following results: Sales (119 units) $571,200 Production costs (149 units): Direct materials $77,313 Direct labor 19,740...

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A business operated at 100% of capacity during its first month, with the following results:<br>Sales (119 units)<br>$571,200<br>Production costs (149 units):<br>Direct materials<br>$77,313<br>Direct labor<br>19,740<br>Variable factory overhead<br>34,544<br>Fixed factory overhead<br>32,899<br>164,496<br>Operating expenses:<br>Variable operating expenses<br>$5,200<br>Fixed operating expenses<br>4,559<br>9,759<br>The amount of gross profit that would be reported on the absorption costing income statement is<br>O a. $430,065<br>Оb. S571,051<br>Oc. $439,824<br>Od. $434,624<br>

Extracted text: A business operated at 100% of capacity during its first month, with the following results: Sales (119 units) $571,200 Production costs (149 units): Direct materials $77,313 Direct labor 19,740 Variable factory overhead 34,544 Fixed factory overhead 32,899 164,496 Operating expenses: Variable operating expenses $5,200 Fixed operating expenses 4,559 9,759 The amount of gross profit that would be reported on the absorption costing income statement is O a. $430,065 Оb. S571,051 Oc. $439,824 Od. $434,624

Jun 08, 2022

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A business operated at 100% of capacity during its first month, with the following results: Sales (119 units) $571,200 Production costs (149 units): Direct materials $77,313 Direct labor 19,740...

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