Brush Industries reports the following information for May: Sales $ 915,000 Fixed cost of goods sold 103,000 Variable cost of goods sold 253,000 Fixed selling and administrative costs 103,000 Variable selling and administrative costs 128,000 Calculate the gross margin for May under absorption costing.

$559,000

Explanation:

Data provided as per the question below:-

Sales = $915,000

Variable cost of goods sold = $253,000

Fixed cost of goods sold = $103,000

The computation of gross margin is shown below:-

Gross Margin = Sales - Variable cost of goods sold - Fixed cost of goods sold

= $915,000 - $253,000 - $103,000

= $915,000 - $356,000

= $559,000

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answer; intellectual property protection;