Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations $ 106 Selling price Units in beginning inventory Units produced 2,600 Units sold 2,200 Units in ending inventory 400 Variable costs per unit: $ 46 $ 28 $ 2 $ 7 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $33,800 $ 8,800 The total gross margin for the month under the absorption costing approach is:

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations $ 106 Selling price Units in beginning inventory Units produced 2,600 Units sold 2,200 Units in ending inventory 400 Variable costs per unit: $ 46 $ 28 $ 2 $ 7 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $33,800 $ 8,800 The total gross margin for the month under the absorption costing approach is:

Name: Gabuat Corporation, which has only one product, has provided the foll
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Description: Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations$ 106Selling priceUnits in beginning inventoryUnits produced2,600Units sold2,200Units in ending inventory400Variable costs

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory $136 0 Units produced 3,400 Units sold 2,920 Units in ending inventory 480 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead $46 $24 $4 Variable selling and administrative expense $7 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expenses $68,000 $14,600 The total gross margin for the month under the absorption costing approach is: a. $108,040 b. $122,640 c. $102,200 d. $210,240
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