Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

Exercise 43

Wachman Company produces a product with the following per-unit costs:

Last year, Wachman produced and sold 2,000 units at a price of $75 each. Total selling and administrative expense was $30,000.
Refer to the information for Wachman Company above. Total gross margin for last year was
A) $40,000.
B) $70,000.
C) $80,000.
D) $88,000.
E) $100,000.