In cost accounting, financial way of charging price for product above cost, of acquiring or producing goods is known as
A. sales margin
B. cost margin
C. Gross margin
D. income margin
Answer: Option C
Solution(By Examveda Team)
In cost accounting, financial way of charging price for product above cost, of acquiring or producing goods is known as Gross margin. Gross margin is a company's net sales revenue minus its cost of goods sold (COGS). In other words, it is the sales revenue a company retains after incurring the direct costs associated with producing the goods it sells, and the services it provides.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
Join The Discussion