Aaron Corporation, which has only one 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 Multiple Choice Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead $ 54,400 Fixed selling and administrative expense $ 3,000 The total gross margin for the month under the absorption costing approach is: $12,000 $59,400 $63,000 $ 90 0 $27,000 3,400 3,000 400 $ 21 $ 38 $6 $4
Aaron Corporation, which has only one 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 Multiple Choice Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead $ 54,400 Fixed selling and administrative expense $ 3,000 The total gross margin for the month under the absorption costing approach is: $12,000 $59,400 $63,000 $ 90 0 $27,000 3,400 3,000 400 $ 21 $ 38 $6 $4
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 5E: On April 30, the end of the first month of operations, Joplin Company prepared the following income...
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Transcribed Image Text:Aaron Corporation, which has only one 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
Multiple Choice
O
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
$ 54,400
Fixed selling and administrative expense
$ 3,000
The total gross margin for the month under the absorption costing approach is:
$12,000
$59,400
$63,000
$ 90
0
$27,000
3,400
3,000
400
$21
$ 38
$6
$4
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