4.A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price$137

Units in beginning inventory0

Units produced2,850

Units sold2,700

Units in ending inventory150

Variable costs per unit:

Direct materials$44

Direct labor$21

Variable manufacturing overhead$12

Variable selling and administrative expense$17

Fixed costs:

Fixed manufacturing overhead$91,200

Fixed selling and administrative expense$10,800

The total gross margin for the month under absorption costing is:

Multiple Choice

• $75,600
• $18,900
• $105,300
• $116,100