Business, 30.01.2021 04:40 chynad6395

Manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 139
Units in beginning inventory 0
Units produced 2,990
Units sold 2,760
Units in ending inventory 230
Variable costs per unit:
Direct materials $ 50
Direct labor $ 15
Variable manufacturing overhead $ 12
Variable selling and administrative expense $ 9
Fixed costs:
Fixed manufacturing overhead $ 107,640
Fixed selling and administrative expense $ 24,840

The total gross margin for the month under absorption costing is:

Multiple Choice
$71,760
$22,080
$135,480
$146,280

Answers: 3

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Manufacturing company that produces a single product has provided the following data concerning its...