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:
A) $72,500
B) $95,100
C) $20,000
D) $57,500

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:
A) $72,500 
B) $95,100 
C) $20,000 
D) $57,500

Quizplus · Accepted Answer

Unit product cost under absorption costing:
 11eacbfc_c6b0_e45c_8ffe_b15b9788d213_TB7552_00 Absorption costing income statement:
 11eacbfc_c6b0_e45d_8ffe_73d746a460bd_TB7552_00

A Manufacturing Company That Produces a Single Product Has Provided