Bolka Corporation, a merchandising company, reported the following results for October: Sales$4,096,400Cost of goods sold (all variable)$2,194,500Total variable selling expense$238,700Total fixed selling expense$144,700Total variable administrative expense$238,700Total fixed administrative expense$282,900 The gross margin for October is:
A. $3,668,800
B. $1,901,900
C. $1,424,500
D. $996,900
Answer: B
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