Arca Company reports the following for its product for its first year of operations. Direct materials $ 81 per unit Direct labor $ 61 per unit Variable overhead $ 31 per unit Fixed overhead $ 100,400 per year Variable selling and administrative expenses $ 7 per unit Fixed selling and administrative expenses $ 51,000 per year The company sells its product for $355 per unit. Compute gross profit using absorption costing assuming the company produces 2.510 units and sells 2,110 units. Multiple Choice $284,850 $301,220 $299,620 $248,620 $250,220