Gabbert Company, Which Has Only One Product, Has Provided the Following

question 113

Multiple Choice

Gabbert Company, which has only one product, has provided the following data concerning its most recent month of operations:
$\begin{array}{|l|r|}\hline \text { Selling price } & \$ 90 \\\hline \text { Units in beginning inventory } & 0 \\\hline \text { Units produced } & 3,600 \\\hline \text { Units sold } & 3,400 \\\hline \text { Units in ending inventory } & 200 \\\hline \text { Variable costs per unit: } & \\\hline \text { Direct materials } & \$ 23 \\\hline \text { Direct labour } & \$ 11 \\\hline \text { Variable manufacturing overhead } & \$ 2 \\\hline \text { Variable selling and administrative } & \$ 8 \\\hline \text { Fixed costs: } & \\\hline \text { Fixed manufacturing overhead } & \$ 93,600 \\\hline \text { Fixed selling and administrative } & \$ 61,200 \\\hline\end{array}$

-What was the total gross margin for the month under the absorption costing approach?

• A) $90,000.
• B) $95,200.
• C) $125,800.
• D) $156,400.

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Definitions:

Positive Culture

An organizational environment characterized by shared values and practices that promote mutual respect, collaboration, and optimism.

Cohesive Culture

A workplace environment where there is a strong sense of belonging and unity among employees, fostering teamwork and collaboration.

Kilmann-Saxton Culture-Gap Survey

A diagnostic tool designed to assess the differences between the existing culture within an organization and its ideal, or desired, state.

Organizational Socialization Process

The method through which new employees acquire the necessary skills, knowledge, behaviors, and values to effectively integrate into an organization.