Select the Appropriate Classification of Each of the Costs Listed

question 91

Multiple Choice

Select the appropriate classification of each of the costs listed below.* Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Direct labour for units sold

• A)deduction from Revenue in calculation of Contribution Margin
• B)deduction from Revenue in calculation of Gross Margin
• C)deduction from Revenue in calculation of both Contribution Margin and Gross Margin
• D)deduction from both Contribution Margin and Gross Margin in calculating Operating Income

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Definitions:

Market

A place or mechanism where buyers and sellers interact to trade goods, services, or securities, determining prices through supply and demand.

Franchisee

An individual or company that is granted the right by a franchisor to operate a business under the franchisor's trademark and business model.

License

A legal permission granted by an authority to conduct business, use intellectual property, or undertake certain activities.

Market

A venue or system where buyers and sellers interact to trade goods, services, or financial instruments.