A manufacturing company that produces a single product has provided the following data concerning its most recent month of op Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense The total gross margin for the month under absorption costing is: $ 117 0 2,900 2,500 400 $ 32 $ 45 $2 $9 $43,500 $15,000
A manufacturing company that produces a single product has provided the following data concerning its most recent month of op Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense The total gross margin for the month under absorption costing is: $ 117 0 2,900 2,500 400 $ 32 $ 45 $2 $9 $43,500 $15,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
The total gross margin for the month under absorption costing is:
$ 117
0
2,900
2,500
400
$ 32
$ 45
$2
$9
$43,500
$15,000
Transcribed Image Text:The total gross margin for the month under absorption costing is:
Multiple Choice
$95,100
$57,500
$20,000
$72,500
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