MC A manufacturing company has provided the...

A manufacturing company has provided the following data concerning its most recent month of operations.

Selling price $120$

Units in beginning inventory $0$

Units produced $7,100$

Units sold $6,800$

Units in ending inventory $300$

Variable costs per unit:

Direct materials $42$

Direct labour $33$

Variable manufacturing overhead $5$

Variable selling and administrative $11$

Fixed costs:

Fixed manufacturing overhead $127,800$

Fixed selling and administrative $68,000$

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

$6,800.$

$197,200.$

$149,600.$

$179,000$