1p D Question 3 The Sanderson Sisters manufacture high-quality 5-liter boxes of wine which it sells for $14 per box Below is some information related to The Sanderson Sisters' capacity and budgeted fixed manufacturing costs for 2019: Budgeted Fixed Days of Hours of Denominator Level Manufacturing Boxes Production Production Capacity Concept Overhead per Period per Period per Day per Hour Theoretical Capacity $5,000,000 362 22 300 Practical Capacity $5,000,000 310 16 250 Normal Capacity $5,000,000 310 16 175 Master Budget Capacity $5,000,000 310 16 200 Production during 2019 was 990,000 boxes of wine, with 15.000 remaining in ending inventory at 12/31/19. Variable manufacturing costs were $1.78 per unit (there are no variable cost variances) Actual fund manufacturing overhead costs were $5.000.000, the same as budgeted. Fixed manufacturing overhead cost variances are MacBook Pro D Boxes FX Manufacturing Production Production Denominator-Level Overhead per Period per Period per Day per Hour Capacity Concept 362 22 300 $5,000,000 Theoretical Capacity $5,000,000 Practical Capacity 310 16 250 Normal Capacity $5,000,000 310 16 175 Master Budget Capacity $5,000,000 310 16 200 Production during 2019 was 990,000 boxes of wine, with 15,000 remaining in ending inventory at 12/31/19. Variable manufacturing costs were $1.78 per unit (there are no variable cost variances). Actual fred manufacturing overhead costs were $5,000,000, the same as budgeted. Fixed manufacturing overhead cost variances are written off to cost of goods sold in the period in which they occur. (Note: Round interim calculations to 2 decimal places.) What is the gross margin under normal capacity? $6.952422 $6.977,750 56.990.420 $7.001.220