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Packing Company, for the month ended May 31, had sales revenues, $100,000; cost of services sold, $60,000; and operating expenses, $10,000. The gross margin is A) $30,000 B) $40,000 C) $60,000 D) $90,000 E) none of the above Bucky's Gym is a complete fitness center. Owner Bucky Beaver employs various fitness trainers who are expected to staff the front desk and to teach fitness classes. While on the front desk, trainers answer the phone, handle walk-ins and show them around the gym, answer member questions about the weight machines, and do light cleaning (wiping down the equipment, vacuuming the floor). The trainers also teach fitness classes (e.g., Pilates, spinning, body pump) according to their own interest and training level. The cost of the fitness trainers is $900 per month and $40 per class taught. Last month, 100 classes were taught. A cost equation for total cost of labor is A) total labor cost = fixed labor cost + (variable rate " number of classes taught) B) total labor cost =$40+($900 number of classes taught ) C) total labor cost =$900+($40 number of classes taught ) D) A and B E) A and C Packing Company, for the month ended May 31, had sales revenues, $100,000; cost of services sold, $60,000; and operating expenses, $10,000. The gross margin is A) $30,000 B) $40,000 C) $60,000 D) $90,000 E) none of the above Bucky's Gym is a complete fitness center. Owner Bucky Beaver employs various fitness trainers who are expected to staff the front desk and to teach fitness classes. While on the front desk, trainers answer the phone, handle walk-ins and show them around the gym, answer member questions about the weight machines, and do light cleaning (wiping down the equipment, vacuuming the floor). The trainers also teach fitness classes (e.g., Pilates, spinning, body pump) according to their own interest and training level. The cost of the fitness trainers is $900 per month and $40 per class taught. Last month, 100 classes were taught. A cost equation for total cost of labor is A) total labor cost = fixed labor cost + (variable rate " number of classes taught) B) total labor cost =$40+($900 number of classes taught ) C) total labor cost =$900+($40 number of classes taught ) D) A and B E) A and C