Bolka Corporation, a merchandising company, reported the following results for October: Sales$477,000Cost of goods sold (all variable)$176,000Total variable selling expense$19,900Total fixed selling expense$24,000Total variable administrative expense$10,400Total fixed administrative expense$36,800The gross margin for October is: $209,900 $301,000 $416,200 $270,700

The gross margin is the excess of revenue of cost of goods sold. It reflects how much margin is…

Answered: Bolka Corporation, a merchandising…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...

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Bolka Corporation, a merchandising company, reported the following results for October:


Sales	$	477,000
Cost of goods sold (all variable)	$	176,000
Total variable selling expense	$	19,900
Total fixed selling expense	$	24,000
Total variable administrative expense	$	10,400
Total fixed administrative expense	$	36,800

The gross margin for October is:

		$209,900
		$301,000
		$416,200
		$270,700

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