Question
The following information is available for Company P: Selling Price $530/unit Direct Material $120/unit Variable Selling & Admin. $20/unit Units Produced 600 Direct Labor $60/unit
The following information is available for Company P: Selling Price $530/unit Direct Material $120/unit Variable Selling & Admin. $20/unit Units Produced 600 Direct Labor $60/unit Fixed Overhead $24,000 Units Sold 540 Variable Overhead $100/unit Fixed Selling & Admin. $13,200 What is Company P's Gross Margin using Absorption Costing? A. $111,000 B. $113,400 C. $145,200 D. $91,536
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Auditing And Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Strawser
2nd Edition
0073128244, 9780073128245
