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Anna35 [415]
3 years ago
9

Ence Sales, Inc., a merchandising company, reported sales of 6,400 units in April at a selling price of $684 per unit. Cost of g

oods sold, which is a variable cost, was $455 per unit. Variable selling expenses were $30 per unit and variable administrative expenses were $40 per unit. The total fixed selling expenses were $156,800 and the total administrative expenses were $260,400. The gross margin for April was: $1,465,600 $3,960,400 $1,017,600 $600,400
Business
1 answer:
Kobotan [32]3 years ago
4 0

Answer:

Gross Margin 1,465,600

Explanation:

gross margin: sales - COGS

sales 6,400 units at 684 =   4,377,600

cost of goods sold   455 = (2,912,000)

Gross Margin 1,465,600

<u>The selling and administrative cost are cost of the period,</u> are not capitalized through inventory.

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