Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $ $90$

Units in beginning inventory $0$

Units produced $3,400$

Units sold $3,000$

Units in ending inventory $400$

Variable costs per unit:

Direct materials $ $21$

Direct labor $ $38$

Variable manufacturing overhead $ $6$

Variable selling and administrative expense $ $4$

Fixed costs:

Fixed manufacturing overhead $$54,400$

Fixed selling and administrative expense $ $3,000$

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

Multiple Choice

$$12,000$

$$59,400$

$$63,000$

$$27,000$