Business, 07.01.2021 18:30 Alexisgrab

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $147
Units in beginning inventory 0
Units produced 2,200
Units sold 1,910
Units in ending inventory 290

Variable costs per unit:

Direct materials $47
Direct labor $34
Variable manufacturing overhead $5
Variable selling and administrative expense $6

Fixed costs:
Fixed manufacturing overhead $39,600
Fixed selling and administrative expense $15,280

The total gross margin for the month under the absorption costing approach is:

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Gabuat Corporation, which has only one product, has provided the following data concerning its most...

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