The Term "Gross Margin" for a Manufacturing Company Refers to the Excess

question 60

Multiple Choice

The term "gross margin" for a manufacturing company refers to the excess of sales over which of the following?

• A) Cost of goods sold, excluding fixed manufacturing overhead.
• B) All variable costs, including variable selling and administrative expenses.
• C) Cost of goods sold, including fixed manufacturing overhead.
• D) Variable costs, excluding variable selling and administrative expenses.