Roberts Corp., which began business at the start of the current year, had the following data:
Planned and actual production: 40,000 units
Sales: 35,000 units at $18 per unit
Production costs:
Variable: $4 per unit
Fixed: $303,000
Selling and administrative costs:
Variable: $1 per unit
Fixed: $33,900


6.
You did NOT receive full credit for this question in previous attempt.

The gross margin that the company would disclose on an absorption-costing income statement is:
None of these.
$155,875.
$455,000.
$224,875.
$187,000.
previous attempt

7.
You did NOT receive full credit for this question in previous attempt.

The contribution margin that the company would disclose on a variable-costing income statement is:
$155,875.
None of these.
$224,875.
$187,000.
$455,000.
previous attempt