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Nikkel Corporation, a merchandising company, reported the following results for July: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense $527,000 $185,300 $20,400 $22,200 Total variable administrative expense $14,800 Total fixed administrative expense $39,700 The gross margin for July is

Nikkel Corporation, a merchandising company, reported the following results for July: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense $527,000 $185,300 $20,400 $22,200 Total variable administrative expense $14,800 Total fixed administrative expense $39,700 The gross margin for July is

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The gross margin for July?

Nikkel Corporation, a merchandising company, reported the following results for July: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense $527,000 $185,300 $20,400 $22,200 Total variable administrative expense $14,800 Total fixed administrative expense $39,700 The gross margin for July is
Transcribed Image Text:Nikkel Corporation, a merchandising company, reported the following results for July: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense $527,000 $185,300 $20,400 $22,200 Total variable administrative expense $14,800 Total fixed administrative expense $39,700 The gross margin for July is
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