A business operated at 100% of capacity during its first month, with the following results: Sales (112 units)   $560,000 Production costs (140 units):       Direct materials $70,000       Direct labor 17,500       Variable factory overhead 31,500       Fixed factory overhead 28,000 147,000   Operating expenses:       Variable operating expenses $6,470       Fixed operating expenses 3,880 10,350 What is the amount of the contribution margin that would be reported on the variable costing income statement? a.$559,860 b.$549,650 c.$454,450 d.$458,330

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

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