The following information for Zippy company is: Sales $1,000,000 Variable selling expenses $23,000 Fixed selling expenses $33,000 Variable Administrative expenses $39,000 Fixed administrative expenses $10,000 Variable cost of goods sold $300,000 Fixed cost of goods sold $100,000 What is the gross margin for this company?
The following information for Zippy company is:Sales $1,000,000Variable selling expenses
$23,000
Fixed selling expenses $33,000
Variable Administrative expenses $39,000
Fixed administrative expenses $10,000
Variable cost of goods sold $300,000
Fixed cost of goods sold $100,000
What is the gross margin for this company?
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