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Compute the amount of operating income

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Reference no: EM132519907

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

Sales (112 units) $660,800

Production costs (140 units): Direct materials $89,291

Direct labor 22,798

Variable factory overhead 39,896

Fixed factory overhead 37,995 189,980

Operating expenses: Variable operating expenses $5,182

Fixed operating expenses 4,819 10,001

Required - Compute the amount of operating income that would be reported on the absorption costing income statement?

a. $660,660

b. $529,211

c. $498,816

d. $534,030

Reference no: EM132519907

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