Ramon Company Reported the Following Units of Production and Sales

Multiple Choice

Ramon Company reported the following units of production and sales for June and July:
Income under absorption costing for June was $40,000; income under variable costing for July was $50,000. Fixed costs were $600,000 for each month.
-Refer to Figure 8-7. How much was income for June using variable costing?

A) $40,000
B) $20,000
C) $(40,000)
D) $(20,000)