Henricks Company Has the Following Information Available What Is the Gross Margin and Net Income?
A) $200,000;

Multiple Choice

Henricks Company has the following information available:
$\begin{array}{ll}\text { Revencie }&\$500,000\\\text { Variable production costs }&\$100,000\\\text { Fixed production costs }&\$100,000\\\text { Variable selling costs } & \$ 50,000 \\\text { Fixed selling costs } & \$ 50,000\end{array}$
What is the gross margin and net income?

A) $200,000; $200,000
B) $250,000; $150,000
C) $300,000; $200,000
D) $400,000: $200,000