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What is gross margin for company for zippy company

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Reference no: EM132632148

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

Problem 1: What is the gross margin for this company?

Reference no: EM132632148

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