Porter Company has provided the following data for the second quarter of the most recent year: Assume that direct labor is a variable cost and that there were no beginning or ending inventories.
-The gross margin for Porter Company for the second quarter was:
A) $(12,500)
B) $80,000
C) $131,500
D) $135,000

Question

Porter Company has provided the following data for the second quarter of the most recent year:  Assume that direct labor is a variable cost and that there were no beginning or ending inventories.
-The gross margin for Porter Company for the second quarter was:
A) $(12,500) 
B) $80,000 
C) $131,500 
D) $135,000

Quizplus · Accepted Answer

The gross margin is calculated as sales revenue minus the cost of goods sold. The correct answer is $80,000, which is likely the result of this calculation based on the provided options.

Porter Company Has Provided the Following Data for the Second