Question
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 151 Units
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 151 Units in beginning inventory 0 Units produced 2,620 Units sold 2,210 Units in ending inventory 410 Variable cost per unit: Direct materials $ 49 Direct labor $ 21 Variable manufacturing overhead $ 12 Variable selling and administrative $ 11 Fixed costs: Fixed manufacturing overhead $ 96,940 Fixed selling and administrative expenses $ 28,730 The total gross margin for the month under absorption costing is:
$17,680
$128,180
$117,380
$70,720
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