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Calip Corporation, a merchandising company, reported the following results for October Sales $411,000 Cost of goods sold (all variable) $174.300 Total variable selling expense Total

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Calip Corporation, a merchandising company, reported the following results for October Sales $411,000 Cost of goods sold (all variable) $174.300 Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $26,200 $23,800 $15,700 $38,700 The gross margin for October is: Multiple Choice O $132.300 $348,500

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