1 ) The HF Corporation manufactures and sells toy gyroscopes . The following data is related to sales and production of the toy gyroscopes for last year Selling price per unit $8.00 Variable manufacturing costs per unit $1.83 Variable selling and administrative expenses per unit $4 .45 Fixed manufacturing overhead ( in total ) $75000 Fixed selling and administrative expenses ( in total ) $80 000 Inits produced during the year 500.000 Units sold during the year 150.000 Using absorption costing , what is gross profit for last year ? A ) $ 903 000 B ) $1 497 000 C ) $1 200 000 D ) $3, 703 000