Nikkel Corporation, a merchandising company, reported the following results for July: Sales $407,000 Cost of goods sold (all variable) $173,400 Total variable selling expense $20,400 Total fixed selling expense $22,200 Total variable administrative expense $14,800 Total fixed administrative expense $39,700 The gross margin for July is: a. $233,600 b. $345,100 c. $198,400 d. $136,500
Nikkel Corporation, a merchandising company, reported the following results for July: Sales $407,000 Cost of goods sold (all variable) $173,400 Total variable selling expense $20,400 Total fixed selling expense $22,200 Total variable administrative expense $14,800 Total fixed administrative expense $39,700 The gross margin for July is: a. $233,600 b. $345,100 c. $198,400 d. $136,500
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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the gross margin for july is
Transcribed Image Text:Nikkel Corporation, a merchandising company, reported the following
results for July:
Sales
$407,000
Cost of goods sold (all variable)
$173,400
Total variable selling expense
$20,400
Total fixed selling expense
$22,200
Total variable administrative expense $14,800
Total fixed administrative expense
$39,700
The gross margin for July is:
a. $233,600
b. $345,100
c. $198,400
d. $136,500
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