Nikkel Corporation, a merchandising company, reported the following results for July: Sales Cost of goods sold (all variables) $ 4,52,000 $1,76,500 Total variable selling expense $ 26,400 Total fixed selling expense $ 21,400 Total variable administrative expense $ 12,900 Total fixed administrative expense $ 30,700 The gross margin for July is
Nikkel Corporation, a merchandising company, reported the following results for July: Sales Cost of goods sold (all variables) $ 4,52,000 $1,76,500 Total variable selling expense $ 26,400 Total fixed selling expense $ 21,400 Total variable administrative expense $ 12,900 Total fixed administrative expense $ 30,700 The gross margin for July is
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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100%
cost account

Transcribed Image Text:Nikkel Corporation, a merchandising company, reported the following
results for July:
Sales
Cost of goods sold (all variables)
$ 4,52,000
$1,76,500
Total variable selling expense
$ 26,400
Total fixed selling expense
$ 21,400
Total variable administrative expense
$ 12,900
Total fixed administrative expense
$ 30,700
The gross margin for July is
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