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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.
$145,200
- B.
$91,536
- C.
$113,400
- D.
$111,000
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Principles Of Auditing: An International Perspective
Authors: Rick Stephan Hayes, Philip Wallage, Arnold Schilder, Roger Dassen
1st Edition
0077095324, 978-0077095321
