What Is the Midpoint of the Classes 13.5-17.3

question 16

Multiple Choice

What is the midpoint of the classes 13.5-17.3?

• A) 13.4
• B) 15.4
• C) 17.3
• D) 14.3

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Definitions:

Gross Margin

A company's net sales revenue minus its cost of goods sold (COGS), expressed as a percentage. It reveals how much profit a company makes before expenses.

Relevant Range

The range of activity within which the assumptions about fixed and variable cost behaviors hold true.

Fixed Manufacturing Cost

Costs that do not vary with the level of production, such as rent, salaries of permanent employees, and depreciation of factory equipment.

Manufacturing Overhead Cost

The total of all costs associated with manufacturing beyond direct materials and direct labor, including indirect expenses such as maintenance and factory utilities.