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Nikkel Corporation, a merchandising company, reported the following results for July: ...

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Accounting

Nikkel Corporation, a merchandising company, reported the following results for July:

Sales $402,800
Cost of goods sold (all variable) $169,100
Total variable selling expense $17,100
Total fixed selling expense $14,200
Total variable administrative expense $7,600
Total fixed administrative expense $30,100

The gross margin for July is:

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