A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:Selling price $ 117Units in beginning inventory 0Units produced 2,900Units sold 2,500Units in ending inventory 400Variable costs per unit: Direct materials $ 32Direct labor $ 45Variable manufacturing overhead $ 2Variable selling and administrative expense $ 9Fixed costs: Fixed manufacturing overhead $ 43,500Fixed selling and administrative expense $ 15,000The total gross margin for the month under absorption costing is:a) $72,500b) $95,100c) $20,000d) $57,500

On december 31, 2016, the decarreau, andrew, and bui partnership had the following fiscal year-end balance sheet: cash $10,000accounts receivable $20,000inventory $25,000plant assets - net $30,000loan to decarreau $18,000total assets $103,000accounts payable $14,000loan from bui $15,000decarreaua, capital (20%) $32,000andrew, capital (10%) $23,000bui, capital (70%) $19,000total liab./equity $103,000the percentages shown are the residual profit and loss sharing ratios. the partners dissolved the partnership on january 1, 2017, and began the liquidation process. during july the following events occurred: * receivables of $18,000 were collected.* all inventory was sold for $15,000.*all available cash was distributed on january 31, except for$8,000 that was set aside for contingent expenses.the book value of the partnership equity (i.e., total equity of the partners) on december 31, 2016 isa. $58,000b. $71,000c. $66,000d. $81,000