Question
Pruddah Industries, which has only one product, has provided the following data regarding the most recent month of business operations: Selling price $ 136 Units
Pruddah Industries, which has only one product, has provided the following data regarding the most recent month of business operations:
| Selling price | $ 136 |
|---|---|
| Units in beginning inventory | 0 |
| Units produced | 3,400 |
| Units sold | 2,920 |
| Units in ending inventory | 480 |
| Variable costs per unit: | |
|---|---|
| Direct materials | $ 46 |
| Direct labor | $ 24 |
| Variable manufacturing overhead | $ 4 |
| Variable selling and administrative expense | $ 7 |
| Fixed costs: | |
| Fixed manufacturing overhead | $ 68,000 |
| Fixed selling and administrative expense | $ 14,600 |
The total gross margin for the month under the absorption costing approach is
Options:
- $671,600
- $102,200
- $210,240
- $108,040
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Financial Auditing With Information Technology Meeting The Challenge Of Cloud Computing Unstructured Data And Intangible Assets
Authors: J. Christopher Westland
1st Edition
149044873X, 978-1490448732
