The number of units produced annually is 50,000. The number of units sold annually =40,000. Each unit sells for $100 each. Direct materials, direct labor and variable mfg overhead =$15 per unit. Variable selling \& administrative expenses =$5 per unit. Fixed manufacturing overhead =$275,000 Fixed selling \& administrative expense =$100,000 Based on the above data, what is the Gross Margin for an Absorption Costing Format Income Statement? (do not include a dollar sign or commas or decimals in your answer) The number of units produced annually is 50,000 . The number of units sold annually =40,000. Each unit sells for $100 each. Direct materials, direct labor and variable mfg overhead =$15 per unit. Variable selling \& administrative expenses =$5 per unit. Fixed manufacturing overhead =$275,000 Fixed selling \& administrative expense =$100,000 The number of units produced annually is 50,000 . The number of units sold annually =40,000. Each unit sells for $100 each. Direct materials, direct labor and variable mfg overhead =$15 per unit. Variable selling \& administrative expenses =$5 per unit. Fixed manufacturing overhead =$275,000 Fixed selling \& administrative expense =$100,000