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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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