Vegas Company has the following unit costs:

Variable manufacturing overhead	$	25
Direct materials		20
Direct labor		19
Fixed manufacturing overhead		12
Variable marketing and administrative		7

1. Vegas produced and sold 10,000 units. If the product sells for $100, what is the gross margin under full absorption costing?

2.Vegas produced and sold 10,000 units. If the product sells for $100, what is the operating profit using a contribution margin income statement?

3. The absorption cost of goods sold is: