Nikkel Corporation, a merchandising company, reported the following results for July: ...
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Accounting
| Nikkel Corporation, a merchandising company, reported the following results for July: |
| Sales | $402,800 |
| Cost of goods sold (all variable) | $169,100 |
| Total variable selling expense | $17,100 |
| Total fixed selling expense | $14,200 |
| Total variable administrative expense | $7,600 |
| Total fixed administrative expense | $30,100 |
The gross margin for July is:
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