Norfolk Engineering, Which Has Only One Product, Has Provided the Following

Multiple Choice

Norfolk Engineering, which has only one product, has provided the following data concerning its most recent month of operations:
-The demand for last month was very good and nearly all of its competitors increased their selling prices. Calculate the total gross margin for the month under the absorption costing approach if the selling price had been increased to £155.
The total gross margin for the month under the absorption costing approach is:

A) £149,600
B) £10,200
C) £115,400
D) £125,800