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

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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