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Question - A Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price $145
Units in beginning inventory 0
Units produced 3,600
Units sold 3,400
Units in ending inventory 200
Variable costs per unit:
Direct materials $36
Direct labor $57
Variable manufacturing overhead $3
Variable selling and administrative expenses $5
Fixed costs:
Fixed manufacturing overhead $79,200
Fixed selling and administrative expense $64,600
Required - Find the total gross margin for the month under the absorption costing?
a. $10,200
b. $91,800
c. $115,400
d. $149,600
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