questions: Financial Account. just put true option no axplanation Nikkel Corporation, a merchandising company, reported the followingresults for July:Sales$4,07,000Cost of goods sold (all variable)$ 1,73,400Total variable selling expense$ 20,400Total fixed selling expense$ 22,200Total variable administrative expense$ 14,800Total fixed administrative expense$ 39,700The gross margin for July is:a. $233,600b. $345,100c. $198,400d. $136,500

To calculate the gross margin, the formula is: Gross Margin=Sales−Cost of Goods Sold…

Answered: Nikkel Corporation, a merchandising…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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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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Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 477,000 Cost of goods sold (all variable) $ 176,000 Total variable selling expense $ 19,900 Total fixed selling expense $ 24,000 Total variable administrative expense $ 10,400 Total fixed administrative expense $ 36,800 The gross margin for October is: $209,900 $301,000 $416,200 $270,700
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