A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense The total gross margin for the month under absorption costing is: $ 131 0 3,320 2,890 430 $ 45 $ 15 $ 7 $ 19 $92,960 $28,900
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense The total gross margin for the month under absorption costing is: $ 131 0 3,320 2,890 430 $ 45 $ 15 $ 7 $ 19 $92,960 $28,900
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 8E: Estimated income statements, using absorption and variable costing Prior to the first month of...
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Transcribed Image Text:Variable costs per unit:
Direct materials
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
$ 131
0
3,320
2,890
430
$ 45
Direct labor
Variable manufacturing overhead
$ 15
$ 7
Variable selling and administrative expense
Fixed costs:
$ 19
Fixed manufacturing overhead
$92,960
Fixed selling and administrative expense
$28,900
The total gross margin for the month under absorption costing is:
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