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Answer the Following Questions Using the Information Below

Question 81

Multiple Choice

Answer the following questions using the information below:
Barry's Hobbies produces and sells a luxury animal pillow for $80.00 per unit. In the first month of operation, 3,000 units were produced and 2,250 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes:
Answer the following questions using the information below: Barry's Hobbies produces and sells a luxury animal pillow for $80.00 per unit. In the first month of operation, 3,000 units were produced and 2,250 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes: -What is gross margin when using absorption costing? A) $95,000 B) $109,500 C) $154,500 D) $49,500
-What is gross margin when using absorption costing?


A) $95,000
B) $109,500
C) $154,500
D) $49,500

Correct Answer:

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