Hyper Color Company manufactures widgets. The following data is related to sales and production of...
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Accounting
Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year.
| Selling price per unit | $160 |
| Variable manufacturing costs per unit | $60 |
| Variable selling and administrative expenses per unit | $7 |
| Fixed manufacturing overhead (in total) | $31,000 |
| Fixed selling and administrative expenses (in total) | $5,000 |
| Units produced during the year | 1,500 |
| Units sold during year | 1,100 |
Using absorption costing, what is gross profit for last month? (Round any intermediary calculations to the nearest whole dollar.)
A. $86,900
B. $1,560,900
C. $176,000
D.$ 265,100
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