Examlex
File system traces include all of the following EXCEPT:
Variable Costing
An accounting method that only considers variable costs (costs that change with production levels) in determining product cost, excluding fixed costs.
Gross Margin
A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage. It indicates the efficiency with which a company uses its materials and labor to produce and sell products profitably.
Absorption Costing
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.
Manufacturing Margin
The difference between the sales revenue generated from manufactured goods and the cost of goods sold (COGS) associated with producing those goods.
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