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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:         Selling price $ 117 Units in beginning inventory   0 Units produced   2,900 Units sold   2,500 Units in ending inventory   400 Variable costs per unit:     Direct materials $ 32 Direct labor $ 45 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 9 Fixed costs:     Fixed manufacturing overhead $ 43,500 Fixed selling and administrative expense $ 15,000  The total gross margin for the month under absorption costing is:     $57,500     $72,500     $95,100     $20,000

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:         Selling price $ 117 Units in beginning inventory   0 Units produced   2,900 Units sold   2,500 Units in ending inventory   400 Variable costs per unit:     Direct materials $ 32 Direct labor $ 45 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 9 Fixed costs:     Fixed manufacturing overhead $ 43,500 Fixed selling and administrative expense $ 15,000  The total gross margin for the month under absorption costing is:     $57,500     $72,500     $95,100     $20,000

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 13E: Wyandotte Company provided the following information for the last calendar year: During the year,...
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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

 


     
Selling price $ 117
Units in beginning inventory   0
Units produced   2,900
Units sold   2,500
Units in ending inventory   400
Variable costs per unit:    
Direct materials $ 32
Direct labor $ 45
Variable manufacturing overhead $ 2
Variable selling and administrative expense $ 9
Fixed costs:    
Fixed manufacturing overhead $ 43,500
Fixed selling and administrative expense $ 15,000
 

The total gross margin for the month under absorption costing is:
   
$57,500
   
$72,500
   
$95,100
   
$20,000
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