Gross margin formula is?

a. Sales - variable costs - fixed costs

b. Sales - fixed costs

c. Sales price - cost of sales (material and labor)

Question added by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
Date Posted: 2015/03/10

Upvote (0) Views (3) Followers (1) Answers (1) Report Question

by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(C) is the Correct Ans.

Sales - Variable Cost = G.P

Upvote (0)

The total cost of producing 100 units of a good is $800. If a firm’s average variable cost is $5 per unit, then the firm’s
Top Answer: a). Average Fixed Costs = $3 since: * Total Cost (TC) = $800 * Total Variable Cost (TVC) =$500 * then; To ... See More

Answers (21)
What is the difference between variable costs and fixed costs ?
Top Answer: B. Variable costs per unit are fixed over the relevant range and fixed costs per unit are varia ... See More

Answers (2)
Which of the following statements regarding graphs of fixed and variable costs is true?
Top Answer: <p>Option D</p> See More

Answers (13)
A variable-cost-plus price transfer is ?
Top Answer: Answer (C) is correct. This permits top management to enter the decision process and dictate that a divis ... See More

Answers (3)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.