Given the Following Information, What Would the Gross Margin Be

question 56

Multiple Choice

Given the following information, what would the gross margin be for the December 15 sale under the FIFO method in a perpetual inventory system?

• A)$1,490
• B)$1,545
• C)$1,570
• D)$2,075

---

Definitions:

Full Production

A state of economic production in which all available resources (labor, capital, etc.) are being used efficiently, leading to the maximum possible output.

Capacity Utilization

The percentage of a country's production capacity that is actually being used over a certain period of time, indicating the overall economic activity and efficiency.

Labor Unemployment

A situation where individuals who are willing and able to work are unable to find employment, often measured by the unemployment rate.

Employment Discrimination

Unfair treatment of employees or job applicants based on race, age, gender, religion, national origin, physical or mental disability, or sexual orientation, among other factors.