Tolden Marketing, Inc

Multiple Choice

Tolden Marketing, Inc., a merchandising company, reported sales of $2,861,800 and cost of goods sold of $1,492,400 for December. The company's total variable selling expense was $77,900; its total fixed selling expense was $70,600; its total variable administrative expense was $98,400; and its total fixed administrative expense was $193,400. The cost of goods sold in this company is a variable cost. The gross margin for December is:

A) $1,193,100
B) $929,100
C) $1,369,400
D) $2,597,800