Question
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $146 Units in
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $146 Units in beginning inventory 0 Units produced 2,470 Units sold 2,040 Units in ending inventory 430 Variable costs per unit: Direct materials $50 Direct labor $20 Variable manufacturing overhead $11 Variable selling and administrative $19 Fixed costs: Fixed manufacturing overhead $69,160 Fixed selling and administrative expenses $20,400 The total gross margin for the month under absorption costing is:
$75,480
$16,320
$83,040
$93,840
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