Bolka corporation, a merchandising company, reported the following results for october: sales $ 419,000 cost of goods sold (all variable) $ 175,500 total variable selling expense $ 23,600 total fixed selling expense $ 17,200 total variable administrative expense $ 15,400 total fixed administrative expense $ 31,400 the gross margin for october is

The gross margin for October is $243,500

Explanation:

The following information is given for the October  month:

Sales - $ 419,000

Cost of goods sold (all variable)  - $ 175,500

Total variable selling expense - $ 23,600

Total fixed selling expense - $ 17,200

Total variable administrative expense-  $ 15,400

Total fixed administrative expense -  $ 31,400

The gross margin or gross profit is computed by subtracting cost of goods sold from sales value.

In equation it is shown below:

Gross margin = Sales - Cost of Goods sold

                       =  $ 419,000 - $ 175,500

                       = $243,500

Other information which is given in the question is irrelevant for calculating the gross margin because these items are used for calculating the expenses portion.

Thus, The gross margin for October is $243,500

answertaxable income;