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 $ 110 2,400 2,100 300 Units sold Units in ending inventory Variable costs per unit: Direct materials $ 41 $ 15 $ 7 $ 9 Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 64,800 $ 8,400 The total gross margin for the month under absorption costing is:
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 $ 110 2,400 2,100 300 Units sold Units in ending inventory Variable costs per unit: Direct materials $ 41 $ 15 $ 7 $ 9 Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 64,800 $ 8,400 The total gross margin for the month under absorption costing is:
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 4E: On March 31, the end of the first month of operations, Barnard Inc. manufactured 15,000 units and...
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