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Calip Corporation, a merchandising company, reported the following results for October:
Sales $424,800
Cost of goods sold (all variable) $180,100
Total variable selling expense $18,200
Total fixed selling expense $15,300
Total variable administrative expense $8,700
Total fixed administrative expense $31,200
The gross margin for October is:
a. $171,300
b. $378,300
c. $217,800
d. $244,700
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Calip Corporation, a merchandising company, reported the following results for October:
Sales $424,...
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