Magenta Inc. reports the following information for the current year, which is its first year of operations:Units produced this year 750,000unitsUnits sold this year 740,000unitsDirect materials$18.30per unitDirect labor$14.20per unitVariable overhead ?in totalFixed overhead$4,500,000in totalIf the company's cost per unit of finished goods using absorption costing is $39.75, what is total variable overhead?
A. $937,500
B. $925,000
C. $877,500
D. $5,437,500
E. $865,800
Answer: A
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