Refer to the Diagram

question 7

Multiple Choice

refer to the diagram

-An increase in earnings inequality would be shown by a:

• A)shift from line A to line B
• B)shift from lime B to line A
• C)movement up to the right along line A
• D)movement down to the left along line A

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Definitions:

Manufacturing Costs

Expenses directly related to the production of goods, including direct materials, direct labor, and manufacturing overhead.

Contribution Margin

The difference between sales revenue and variable costs of a product or service, used to cover fixed costs and generate profits.

Cost Of Goods Sold

The total direct costs attributable to the production of the goods sold in a company.

Sales

The total amount of revenue generated by the selling of goods or services.