A business operated at 100% of capacity during its first month and incurred the following costs:
| Production costs (10,000 units): |
|
|
| Direct materials |
$140,000
|
|
| Direct labor |
40,000
|
|
| Variable factory overhead |
20,000
|
|
| Fixed factory overhead |
4,000
|
$204,000
|
|
|
|
| Operating expenses: |
|
|
| Variable operating expenses |
$ 34,000
|
|
| Fixed operating expenses |
2,000
|
36,000
|
|
|
|
If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what would be the amount of income from operations reported on the variable costing income statement?