Exercise 4 The following information has been provided by the Fasan Florist, Inc. for the first quarter of the year: Variable cost of goods sold Fixed administrative expenses Fixed selling expenses Sales Variable administrative expenses Variable selling expense $ 640,000 220,000 100,000 1,400,000 60,000 140,000 What was the company's contribution margin for the first quarter? What was the company's gross margin for the first quarter? a. b