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Fiene Sales, Inc., a merchandising company, reported sales of 2,200 units in June at a selling price of $600 per unit. Cost of goods sold, which is a variable cost, was $364 per unit. Variable selling expenses were $23 per unit and variable administrative expenses were $33 per unit. The total fixed selling expenses were $30,500 and the total administrative expenses were $55,300.
-The gross margin for June was:
Analytical Skills
The ability to collect and analyze information, solve problems, and make decisions based on the available data.
Assertion
A confident and forceful statement of fact or belief, presenting one's stance or viewpoint unequivocally.
Assumption
A thing that is accepted as true or as certain to happen, without proof.
Reason
The power of the mind to think, understand, and form judgments by a process of logic.
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