Reference: 06-11
Porter Company Has Provided the Following Data for the Second

question 62

Multiple Choice

Reference: 06-11
Porter Company has provided the following data for the second quarter of the most recent year: $$\begin{array} { | l | l | } \hline \text { Sales } & \$ 300,000 \\\hline \text { Fixed manufacturing overhead } & 55,000 \\\hline \text { Direct labour } & 72,500 \\\hline \text { Fixed selling expense } & 46,250 \\\hline \text { Variable manufacturing overhead } & 41,000 \\\hline \text { Variable administrative expense } & 48,000 \\\hline \text { Direct materials } & 51,500 \\\hline \text { Fixed administrative expense } & 44,500 \\\hline \text { Variable selling expense } & 49,750 \\\hline\end{array}$$ Assume that direct labour is a variable cost and that there were no beginning or ending inventories.
-The gross margin (loss) for Porter Company for the second quarter was

• A)$135,000.
• B)$131,500.
• C)$(12,500).
• D)$80,000.

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