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What the expected gross margin next month is

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Reference no: EM132710078

Gasson Company is a merchandising firm. Next month the company expects to sell 800 units. The following data describe the company's revenue and cost structure:

Selling price per unit$40

Sales commission5%

Purchase price (cost) per unit$18

Advertising expense$4,000 per month

Administrative expense$4,500 per month plus 15% of sales
Assume that all activity mentioned in this problem is within the relevant range.

Problem 1: What The expected gross margin next month is?

Reference no: EM132710078

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