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 $126 0 Units produced 2,630 Units sold 2,500 Units in ending inventory 130 Variable costs per unit: Direct materials $49 $17 Direct labor Variable manufacturing overhead $8 (၂) Variable selling and administrative Fixed costs: Fixed manufacturing overhead 6$ $84,160 Fixed selling and administrative expenses $17,500 The total gross margin for the month under absorption costing is: A. $50,000 B. $10,000 C. $96,700 D. $107,500

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 $126 0 Units produced 2,630 Units sold 2,500 Units in ending inventory 130 Variable costs per unit: Direct materials $49 $17 Direct labor Variable manufacturing overhead $8 (၂) Variable selling and administrative Fixed costs: Fixed manufacturing overhead 6$ $84,160 Fixed selling and administrative expenses $17,500 The total gross margin for the month under absorption costing is: A. $50,000 B. $10,000 C. $96,700 D. $107,500

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 4E: On March 31, the end of the first month of operations, Barnard Inc. manufactured 15,000 units and...

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