Select the Appropriate Definition of Each of the Items Listed

question 29

Multiple Choice

Select the appropriate definition of each of the items listed below.
-Gross margin − selling and administrative expenses

• A)Income Statement
• B)Cost of goods manufactured
• C)Work in process
• D)Gross margin
• E)Operating income

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Definitions:

Wasted Capacity

Resources or facilities that are underused or not used to their full potential, leading to inefficiency and lost productivity.

Production Margin

The difference between the production cost and the selling price of products, representing the profitability.

Revenue Management

The use of data analytics to forecast consumer demand and optimize product availability and pricing to maximize revenue.

Supply Chain Assets

Resources owned or controlled by a supply chain that contribute to manufacturing, delivering, and selling products, including facilities, equipment, and inventory.