Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Exercise 55

Wachman Company produces a product with the following per-unit costs:
Last year, Wachman produced and sold 1,000 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) $75,000.
B) $44,000.
C) $61,000.
D) $9,000.
E) $31,000.