15 ABC company, a merchandising company, reported sales of $2,861,800 and cost of goods sold of $1,862,700 for December. The company's total variable selling expense was $77,900; its total fixed selling expense was $70,600; its total variable administrative expense was $98,400; and its total fixed administrative expense was $193,400. The cost of goods sold in this company is a variable cost. 3 The gross margin for December is: points 8 01:35:13 Multiple Choice