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Plover Corporation, a merchandising company, reported the following results for March: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense $255,000 $105,000 $25,000 $10,000 Total variable administrative expense $15,000 Total fixed administrative expense $35,000 The gross margin for March is ?

Plover Corporation, a merchandising company, reported the following results for March: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense $255,000 $105,000 $25,000 $10,000 Total variable administrative expense $15,000 Total fixed administrative expense $35,000 The gross margin for March 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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Plover Corporation, a merchandising company, reported the following results for March: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense $255,000 $105,000 $25,000 $10,000 Total variable administrative expense $15,000 Total fixed administrative expense $35,000 The gross margin for March is ?
Transcribed Image Text:Plover Corporation, a merchandising company, reported the following results for March: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense $255,000 $105,000 $25,000 $10,000 Total variable administrative expense $15,000 Total fixed administrative expense $35,000 The gross margin for March is ?
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