Winter Company has no beginning and ending inventories, and reports the following data about its only product:
Direct materials used $200,000
Direct labor $80,000
Fixed indirect manufacturing $100,000
Fixed selling and administrative $300,000
Variable indirect manufacturing $20,000
Variable selling and administrative $60,000
Selling price(per unit) $150
Units produced and sold 10,000
Winter Company uses the absorption approach to prepare the income statement. What is the gross margin?
A) $740,000
B) $1,040,000
C) $1,100,000
D) $1,160,000
C
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Crimes are either classified as felonies or misdemeanors according to the severity of their potential punishment.
a. true b. false
"Promotion" is MAINLY concerned with:
A. obtaining a favorable corporate image. B. telling the target market that the right Product is available in the right Place at the right Price. C. obtaining maximum publicity--at the lowest cost. D. informing the public about the firm's offerings to maximize sales. E. getting people to buy a firm's product--even when it isn't needed.