Roberts, which began business at the start of the current year, had the following data: planned and actual production: 40,000 unitssales: 37,000 units at $15 per unitproduction costs: variable: $4 per unitfixed: $260,000selling and administrative costs: variable: $1 per unitfixed: $32,000the gross margin that the company would disclose on an absorption-costing income statement is:
a. $97,500.b. $147,000.c. $166,500.d. $370,000.

Gross margin = $166,500

so correct option is C. $166,500

Explanation:

given data

Planned and actual production = 40,000 units

Sales = 37,000 units @ $15 per unit

Production costs

Variable = $4 per unit

Fixed = $260,000

Selling and administrative costs

Variable = $1 per unit

Fixed = $32,000

to find out

gross margin that the company would disclose on an absorption costing income statement

solution

we get here sale that is

Sales = 37000 ×  $15

sales = $555,000

and

cost of good sold is

cost of good sold is = variable cost per unit + fixed cost per unit

cost of good sold is = 4  +

cost of good sold is = 10.5

so total cost of god sold = 37000 × $10.5

total cost of god sold = $388500

so Gross margin is here

Gross margin =  $555,000 - $388500  

Gross margin = $166,500

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say it in english maybe we can