Press produces textbooks for high school accounting courses. The company recently hired a new editor, Green, to handle production and sales of books for an introductory accounting course. 's compensation depends on the gross margin associated with sales of this book. needs to decide how many copies of the book to produce. The following information is available for the fall semester : LOADING...(Click the icon to view the information.) has decided to produce either , , or books. Read the requirementsLOADING.... Question content area bottom Part 1 Requirement 1. Calculate expected gross margin if produces , , or books. (Make sure you include the production-volume variance as part of cost of goods sold.) Calculate the gross margin for each level of production. Begin with books, then books, and lastly books. (Enter a "0" for any zero balance accounts. If an account does not have a variance, do not select a label.) 26,000 books Revenues Cost of goods sold Production-volume variance Net cost of goods sold Gross margin

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