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Nikkei Corporation, a merchandising company, reported the following results for July. Sales Cost of goods sold $ 4,94,000 $ 1,75,600 Total variable selling expense $ 23,500 Total fixed selling expense $23,000 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,800 The gross margin for July is: A. $284,900 B. $227,100 C. $436,200 D. $318,400

Nikkei Corporation, a merchandising company, reported the following results for July. Sales Cost of goods sold $ 4,94,000 $ 1,75,600 Total variable selling expense $ 23,500 Total fixed selling expense $23,000 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,800 The gross margin for July is: A. $284,900 B. $227,100 C. $436,200 D. $318,400

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...
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Nikkei Corporation, a merchandising company, reported the following results for July. Sales Cost of goods sold $ 4,94,000 $ 1,75,600 Total variable selling expense $ 23,500 Total fixed selling expense $23,000 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,800 The gross margin for July is: A. $284,900 B. $227,100 C. $436,200 D. $318,400
Transcribed Image Text:Nikkei Corporation, a merchandising company, reported the following results for July. Sales Cost of goods sold $ 4,94,000 $ 1,75,600 Total variable selling expense $ 23,500 Total fixed selling expense $23,000 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,800 The gross margin for July is: A. $284,900 B. $227,100 C. $436,200 D. $318,400
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