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Business, 04.04.2020 08:34 Confusedandlazy

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 145 Units in beginning inventory 0 Units produced 2,500 Units sold 2,180 Units in ending inventory 320 Variable costs per unit: Direct materials $ 46 Direct labor $ 32 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 7 Fixed costs: Fixed manufacturing overhead $ 37,500 Fixed selling and administrative expense $ 13,080 The total gross margin for the month under the absorption costing approach is: Multiple Choice $87,200 $100,280 $172,220 $85,020

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