Nikkel corporation a merchandising company reported the

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Nikkel Corporation, a merchandising company, reported the following results for July:

  Sales $419,000   
  Cost of goods sold (all variable) $175,500   
  Total variable selling expense $ 23,600   
  Total fixed selling expense $ 17,200   
  Total variable administrative expense $ 15,400   
  Total fixed administrative expense $ 31,400   
The gross margin for July is:

Reference no: EM13573332

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