Nikkel Corporation, a merchandising company, reported the following results for July: Sales $4,07,000 Cost of goods sold (all variable) $ 1,73,400 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 $4,07,000 Cost of goods sold (all variable) $ 1,73,400 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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Transcribed Image Text:Nikkel Corporation, a merchandising company, reported the following
results for July:
Sales
$4,07,000
Cost of goods sold (all variable)
$ 1,73,400
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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