Friday Night Inc manufactures high quality 5-liter bords of wine which it sells for $14 per box. Below is some information related to Friday Night's capacity and budgeted ford manufacturing costs for 2021 Days of Hours of Denominator Level Capacity Fixed Manufacturing Production Production Boxes per Concept Overhead per Period per Period per Day Hour Theoretical capacity $2,500,000 362 22 300 Practical capacity $2.500.000 310 16 250 Normal capacity 32.500.000 310 16 175 Master budget capacity $2.500.000 310 16 200 Production duri2021 was 990,000 boxes of wine, with 15.000 remaining in ending inventory at 12/31/21. Actual variable manufacturing costs were $1,762,200 (there are no variable cost variances. Actual feed manufacturing overhead costs were $2.500.000. Fixed manufacturing overhead cost variances are written off to cost of goods sold in the period in which they occur. What is gross margin under practice capacity? Hint: don't forget the production-volume variance $9.457,700 $9.430.250 $9.444 800 59,452.300