During its first year of operations, Silverman Company pald $10,385 for direct materials and $11.400 for production workers wages. Lease payments and utilities on the production facilities amounted to $10,400 while general, selling and administrative expenses totaled $3,100. The company produced 7,850 units and sold 4.900 units at a price of $6.60 a unit What is the amount of gross margin for the first year? 10 Multiple Choice $12,095 $32,340 $10.555 $.12.250