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Determine the company gross margin

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Reference no: EM133114775

Question - The Peterson Company incurred the following revenue and costs in the month of May:

Sales Revenue $57,000

Direct materials $12,000

Variable Selling costs $5,000

Direct labor paid $9,000

Manufacturing plant utility costs $19,000

Fixed Advertising costs Don $2,000

Required - Determine the company GROSS MARGIN?

Reference no: EM133114775

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