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Calip Corporation, a merchandising company, reported the following results for October: Sales $ 428,800 Cost of goods sold (all variable) $ 182,100 Total variable selling
Calip Corporation, a merchandising company, reported the following results for October:
Sales | $ | 428,800 |
Cost of goods sold (all variable) | $ | 182,100 |
Total variable selling expense | $ | 18,400 |
Total fixed selling expense | $ | 15,500 |
Total variable administrative expense | $ | 8,900 |
Total fixed administrative expense | $ | 31,400 |
The gross margin for October is:
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