When Gross Margin Pricing Is Used,the Markup Percentage Includes

question 125

Multiple Choice

When gross margin pricing is used,the markup percentage includes

• A)desired profits plus total selling,general,and administrative expenses.
• B)only the desired profit factor.
• C)total costs and expenses.
• D)desired profits plus total fixed production costs plus total selling,general,and administrative expenses.

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Definitions:

Balanced Scorecard Approach

A strategy performance management tool that views an organization from four perspectives: financial, customer, process, and learning and growth.

Financial Measures

Quantitative metrics used to gauge a company's performance, financial health, and results over a specific period.

Income Statements

Financial statements that summarize a company's revenue, expenses, and profits over a specific period of time.

Standard Cost

A predetermined cost of manufacturing, delivering, or producing goods or services under normal conditions.