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Which of the following is NOT true about language during an assessment?
Manufacturing Overhead
All indirect costs associated with the manufacturing process, including depreciation, utilities, and salaries for supervisors.
Gross Margin
The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activities excluding overhead.
Contribution Margin
The amount of revenue remaining after variable costs have been deducted, which contributes to covering fixed costs and generating profit.
Opportunity Cost
The expense associated with missing out on the second-best option when a choice is made.
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