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

	Selling price...............................................	$63
	Units in beginning inventory.....................	0
	Units produced..........................................	1,500
	Units sold...................................................	1,100
	Units in ending inventory..........................	400
	Variable costs per unit:
	Direct materials.......................................	$14
	Direct labor.............................................	$15
	Variable manufacturing overhead...........	$1
	Variable selling and administrative.........	$7
	Fixed costs:
	Fixed manufacturing overhead...............	$16,500
	Fixed selling and administrative.............	$5,500

1. The total contribution margin for the month under the variable costing approach is:

$24,200

$28,600

$36,300

$12,10

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

$28,600

$11,000

$40,600

$24,200