Absorption Costing Is to Gross Margin as Variable Costing Is

question 61

Multiple Choice

Absorption costing is to gross margin as variable costing is to:

• A)gross profit
• B)territory margin
• C)net income
• D)contribution margin

---

Definitions:

Daylight Savings Time

An annual adjustment of clocks during the warmer months to extend evening daylight, typically by moving clocks forward by one hour.

Standard Time

Established time zones designed to unify local times, enabling regions across the globe to synchronize activities and communications.

Insomnia

A sleep disorder characterized by trouble falling or staying asleep.

Sleep Deprivation

The condition of not having enough sleep, leading to a range of cognitive, emotional, and physical impairments.