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Find the gross margin for Pacific for the latest quarter

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Reference no: EM132883606

Question - Pacific Inc. has provided the following data for the latest quarter of the most recent year:

Sales $300,000

Fixed manufacturing overhead 55,000

Direct labour 72,500

Fixed selling expense 46,250

Variable manufacturing overhead 41,000

Variable administrative expense 48,000

Direct materials 51,500

Fixed administrative expense 44,500

Variable selling expense 49,750

Assume that direct labour is a variable cost and that there was no beginning or ending inventories.

Required - Find the gross margin (loss) for Pacific for the latest quarter?

a. $(12,500).

b. $80,000.

c. $131,500.

d. $135,000.

Reference no: EM132883606

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