The Following Information for Zippy Company Is What Is the Gross Margin for This Company?
A) $500,000

Multiple Choice

The following information for Zippy Company is:
$\begin{array}{ll}\text { Sales }&\$1,000,000\\\text { Variable Selling Expenses } & 23,000 \\\text { Fixed Selling Expenses } & 33,000 \\\text { Variable Administrative Expenses } & 39,000 \\\text { Fixed Administrative Expenses } & 10,000 \\\text { Variable Cost of Goods Sold } & 300,000 \\\text { Fixed Cost of Goods Sold } & 100,000\end{array}$
What is the gross margin for this company?

A) $500,000
B) $548,000
C) $578,000
D) $600,000