Melt margarine in oven in 9x13 inch glass baking dish or non-aluminum baking pan. Tilt evenly to coat dish.
Separate dough into 13 biscuits; cut each biscuit into eighths. Place biscuit pieces in large bowl; toss with salsa. Spoon evenly into prepared dish.
Sprinkle with cheese, bell pepper, onions, and ripe olives.
Bake at 375° for 35-45 minutes or until edges are deep golden brown and center is set.
Let stand 15 minutes.
Cut into squares; serve with more salsa, if desired.