Multiple Choice
On an absorption costing income statement, which of the following correctly determines gross margin?
A) Revenue - (direct materials + direct labor + fixed marketing and sales) .
B) Revenue - (direct materials + direct labor + variable marketing and sales) .
C) Revenue - (direct materials + direct labor + manufacturing overhead) .
D) Revenue - (direct materials + direct labor) .
Correct Answer:
Verified
Correct Answer:
Verified
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