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

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A business operated at 100% of capacity during its first month, with the following results: Sales (120 units) $600,000 Production costs (150 units): Direct materials $81,075 Direct labor 20,700 Variable factory overhead 36,225 Fixed factory overhead 34,500 172,500 Operating expenses: Variable operating expenses $5,960 Fixed operating expenses 3,543 9,503 The amount of gross profit that would be reported on the absorption costing income statement is Oa. $452,497 Ob. $599,850 Oc. $462,000 Od. $456,040

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