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(4 points) Patty's Pillows produces and sells a fancy pillow for $80.00 per unit. In the first month of operation, 3,000 units were budgeted and
(4 points) Patty's Pillows produces and sells a fancy pillow for $80.00 per unit. In the first month of operation, 3,000 units were budgeted and produced and 2,250 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes: Variable manufacturing costs $38 per unit Variable marketing costs $ 2 per unit Fixed manufacturing costs $60,000 per month Administrative expenses, all fixed $12,000 per month Ending inventories: Direct materials WIP Finished goods 750 units (Quest 2 of 2) What is Gross Margin when using Variable costing
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