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27 February, 01:25

Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 413,000 Cost of goods sold (all variable) $ 169,100 Total variable selling expense $ 20,700 Total fixed selling expense $ 17,900 Total variable administrative expense $ 13,100 Total fixed administrative expense $ 30,400 The gross margin for October is:a. $210,100 b. $364,700 c. $161,800 d. $243,900

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  1. 27 February, 03:27
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    Option (d) is correct.

    Explanation:

    Given that,

    Sales = $ 413,000

    Cost of goods sold (all variable) = $ 169,100

    Total variable selling expense = $ 20,700

    Total fixed selling expense = $ 17,900

    Total variable administrative expense = $ 13,100

    Total fixed administrative expense = $ 30,400

    Gross margin:

    = Sales - Cost of goods sold

    = $ 413,000 - $ 169,100

    = $243,900
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