The total gross margin for the month under the absorption costing approach is:
A)$95,200
B)$156,400
C)$6,800
D)$107,600

Name: The total gross margin for the month under the absorption costing approach is: A)$95,200 B)$156,400 C)$6,800 D)$107,600
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Absorption costing includes all manufacturing costs (fixed and variable) in the cost of a product. The total gross margin is calculated by subtracting the cost of goods sold from sales revenue.

The Total Gross Margin for the Month Under the Absorption