👤
Answered

corporation, a clothing company, reported the following results for october: sales $ 500,000 cost of goods sold (all variable) $ 170,700 total variable selling expense $ 24,600 total fixed selling expense $ 21,500 total variable administrative expense $ 10,000 total fixed administrative expense $ 34,900 the gross margin for october is:

Answer :

Corporation, a clothing company, reported the following results for october The gross margin for october is 3,29,300

Calculating the problem :

Gross margin = Sales - Cost of goods sold

                         = 5,00,000 - 1,70,700

                           = 3,29,300

What's the meaning of gross periphery?

Gross margin equates to net deals minus the cost of goods vended. The gross periphery shows the quantum of profit made before abating selling, general, and executive costs. Gross margin can also be called gross profit periphery, which is gross profit divided by net deals.

Is advanced gross margin more?

This rate compares gross gains to the direct costs that go into manufacturing and dealing a company's products. Advanced gross perimeters generally indicate a more profitable company.

Learn more about Gross margin:

brainly.com/question/28390697

#SPJ4

Go Teaching: Other Questions