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Gallager Company, which has budgeted production of 7,000 units, has provided the following data concerning its most recent month of operations: Selling price $103 Units
Gallager Company, which has budgeted production of 7,000 units, has provided the following data concerning its most recent month of operations: Selling price $103 Units in beginning inventory....... Units produced..... Units sold ........... Units in ending inventory.... ...... 6,800 6,600 200 Variable costs per unit: Direct materials. Direct labor Variable manufacturing overhead ............ Variable selling and administrative ....... Fixed costs: Fixed manufacturing overhead ............. Fixed selling and administrative ............. $231,200 $59,400 15. The total gross margin for the month under the absorption costing approach is: A. $303,600 B. $131,864 C. $19,800 D. $148,600 16. What is the total period cost for the month under the absorption costing approach? A. $59,400 B. $112,200 C. $343,400 D. $231,209
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