A manufacturing company that produces a single product has provided the followin

Question

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

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

1. $78,080

2. $17,080

3. $118,520

4. $129,320

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

1. $78,080

2. $17,080

3. $118,520

4. $129,320

Selling pric Units in beginning inventory Units produced Units sold Units in ending inventory 0 2,850 2,440 410 Variable cost per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturing overhead Fixed selling and administrative expenses $49 $22 $17 $15 $102,600 $24,400

Explanation / Answer

Solution-

1. $78,080

Calculation-

Direct Materials $49 Direct labor $22 Variable manufaturing overhead $17 Fixed manufaturing overhead cost ($102,600 / 2,850 unit produced) $36 Absorption costing unit product cost $124

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