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Accounting

Problem-

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price-

	$139

Units in beginning inventory	0
Units produced	2,990
Units sold	2,760
Units in ending inventory	230

Variable cost per unit:
Direct materials	$50
Direct labor	$15
Variable manufacturing overhead	$12
Variable selling and administrative	$9
Fixed costs:
Fixed manufacturing overhead	$107,640
Fixed selling and administrative expenses	$24,840

The total gross margin for the month under absorption costing is:

a. $71,760

b. $22,080

c. $135,480

d. $146,280

Additional Requirement-

The problem belongs to Accounting and it describes about calculation of total gross margin under absorption costing.

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