Ch 6 Quiz
Savod
You recelved no credit for this question in the previous attempt.
2
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
\begin{tabular}{lr}
Selling price & \( \$ 131 \) \\
Units in beginning inventory & 0 \\
Units produced & 3,320 \\
Units sold & 2,890 \\
Units in ending inventory & 430 \\
Variable costs per unit: & \( \$ 45 \) \\
Direct materials & \( \$ 15 \) \\
Direct labor & \( \$ 7 \) \\
Variable manufacturing overhead & \( \$ 19 \) \\
Variable selling and administrative expense \\
Fixed costs: & \( \$ 92,960 \) \\
Fixed manufacturing overhead & \( \$ 28,900 \)
\end{tabular}
The total gross margin for the month under absorption costing is:
Multiple Choice
\( \$ 104,040 \)