Saved constraint, which is an automated jointer. Additional information is provided below for the most recent month:

Estimates at the beginning of the month:

Estimated total fixed manufacturing overhead

Capacity of the jointer

Actual results:

Sales

Direct materials

Direct labor

Actual total fixed manufacturing overhead

Selling and administrative expense

Actual hours of jointer use

The gross margin that would be reported on the income statement prepared for internal management purposes would be closest to:

Multiple Choice

$$28\mathrm{.}852$

$$38\mathrm{.}552$

$$48,252$

$$77,800$