Examlex
Which of the following is a shortcoming of GDP?
Gross Margin
The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales.
Absorption Costing
A method of inventory costing that includes all manufacturing costs, both variable and fixed, in the cost of a product.
Idle Capacity
The available but unused capacity of a company to produce goods or services without incurring additional fixed costs.
Absorption Costing
A method of inventory costing in which all costs of production (both variable and fixed) are treated as product costs.
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