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Quintana Company, which has only one product, has provided the following data concerning its most recent month of operations:
Quintana Company, which has only one product, has provided the following data concerning its most recent month of operations:Selling price $106Units in beginning inventory 0Units produced 2,600Units sold 2,200Units in ending inventory 400Variable costs per unit:Direct materials $46Direct labor $28Variable manufacturing overhead $2Variable selling and administrative $7Fixed costs:Fixed manufacturing overhead $33,800Fixed selling and administrative $8,800What is the total contribution margin for the month under the variable costing approach?What is the total gross margin for the month under the absorption costing approach?What is the total period cost for the month under the variable costing approach?What is the total period cost for the month under the absorption costing approach?
