on: 2 pts This Test Winter Company has no beginning and ending inventories, and reports the following data about its only product: Direct materials used $200,000 Direct labor $80,000 Fixed indirect manufacturing $100,000 Fixed selling and administrative $300,000 Variable indirect manufacturing $20,000 Variable selling and administrative $60,000 Selling price(per unit) $150 Units produced and sold 10,000 Winter Company uses the absorption approach to prepare the income statement. What is the gross margin? O A. $1,160,000 OB. $1,100,000 O c. $740,000 OD. $1,040,000