Salomon Marketing, Incorporated a Merchandising Company, Reported Sales of $1,555,500

Multiple Choice

Salomon Marketing, Incorporated a merchandising company, reported sales of $1,555,500 and cost of goods sold of $1,025,100 for December. The company's total variable selling expense was $96,900; its total fixed selling expense was $34,300; its total variable administrative expense was $71,400; and its total fixed administrative expense was $100,100. The cost of goods sold in this company is a variable cost.The gross margin for December is:

A) $530,400
B) $227,700
C) $362,100
D) $1,421,100