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New Look Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $95 Units in

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New Look Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $95 Units in beginning inventory 0 Units produced 3, 800 Units sold 3, 600 Units in ending inventory 200 Variable costs per unit: Direct materials $22 Direct labour $11 Variable manufacturing overhead $2 Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $102, 600 Fixed selling and administrative $ 63, 200What was the total gross margin for the month under the absorption costing approach? Multiple Choice $90,000, $95,200, $113,800, 0000 $156,400

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