Question - The following information for Zippy Company is:
Sales $1,000,000
Variable Selling Expense 23,000
Fixed Selling Expenses 33,000
Variable Administrative Expenses 39,000
Fixed Administrative Expenses 10,000
Variable Cost of Goods Sold 300,000
Fixed Cost of Goods Sold 100,000
What is the gross margin for this company?
A.) $578,000
B.) $600,000
C.) $548,000
D.) $500,000