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University of Texas, Dallas *

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2301

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Accounting

Date

Nov 24, 2024

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1

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Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 413,000 Cost of goods sold (all variable) $ 173,100 Total variable selling expense $ 23,000 Total fixed selling expense $ 19,300 Total variable administrative expense $ 17,400 Total fixed administrative expense $ 31,000 The gross margin for October is: Multiple Choice O $149,200 $239,900 ® O $199,500 O $362,700
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