Which of the Following Is Calculated Last Before Operating Income

question 239

Multiple Choice

Which of the following is calculated last before operating income can be determined for a manufacturer?

• A) Cost of goods available for sale
• B) Cost of goods manufactured
• C) Cost of goods sold
• D) Cost of direct materials

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Definitions:

Income

The financial gain received by an individual or household from various sources like work, investments, or benefits, over a period.

Budget Line

A budget line represents the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.

Price Of Clams

The market rate at which clams are bought or sold.

Horizontal Axis

In a graph or chart, the x-axis, representing the independent variable or baseline measurement criteria.