Percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate
A. Gross margin in terms of amount of money
B. Gross margin in terms of separable costs
C. Gross margin in terms of total cost
D. Gross margin in terms of labour cost
Answer: Option A
Solution(By Examveda Team)
Percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate Gross margin in terms of amount of money.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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