Nikkel Corporation, a merchandising company, reported the following results for July: Sales $444,000 Cost of goods sold (all variable) $177,500 Total variable selling expense $ 22,400 Total fixed selling expense $ 24,100 Total variable administrative expense $ 10,500 Total fixed administrative expense $ 32,900 The gross margin for July is: $266,500 $176,600 $387,000 $233,600

Nikkel Corporation, a merchandising company, reported the following results for July:

  Sales    $444,000   
  Cost of goods sold (all variable)    $177,500   
  Total variable selling expense    $  22,400   
  Total fixed selling expense    $  24,100   
  Total variable administrative expense    $  10,500   
  Total fixed administrative expense    $  32,900   


The gross margin for July is:
 
$266,500
 
$176,600
 
$387,000

$233,600

 


                                        


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