is computed as: ting income minus operating expenses. revenue minus cost of goods sold. materials plus direct labor plus manufacturing overhead. Pris of goods manufactured plus beginning finished goods inventory, minus ending finished goods inventory.
is computed as: ting income minus operating expenses. revenue minus cost of goods sold. materials plus direct labor plus manufacturing overhead. Pris of goods manufactured plus beginning finished goods inventory, minus ending finished goods inventory.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Gross margin is computed as:
a. operating income minus operating expenses.
b. sales revenue minus cost of goods sold.
c. direct materiais plus direct labor plus manufacturing overhead.
Od. cost of goods manufactured plus beginning finished goods inventory, minus ending finished goods inventory.
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