Reference no: EM132581116
Acme Inc. is a merchandise reseller that provided the following information:
Amount
Number of units sold 10,000
Selling price per unit $17
Variable selling expense per unit $1
Variable administrative expense per unit $3
Total fixed selling expense $18,000
Total fixed administrative expense $14,000
Beginning merchandise inventory $9,000
Ending merchandise inventory $23,000
Merchandise purchases $87,000
Question 1: What is the company's gross margin for the period?
Multiple Choice
Option 1: $73,000
Option 2: $149,000
Option 3: $97,000
Option 4: $137,000
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