Answer:
$217,800
Explanation:
Calip corporation reported a sales of $428,800
The cost of goods is $180,100
The total variable selling expense is $18,200
The total fixed selling expense is $15,300
The total administrative expense is $8,700
The first step is to calculate the total variable expense
= cost of goods + variable administrative expense + variable selling expense
= 180,100 + 8,700 + 18,200
= 207,000
Therefore the gross margin for October can be calculated as follows
Sales - total variable expense
= 424,800 - 207,000
= $217,800
Hence the gross margin for October is $217,800
