The term "gross margin" for a manufacturing firm refers to the excess of sales over:
A) cost of goods sold, excluding fixed indirect manufacturing costs.
B) all variable costs, including variable marketing and administrative costs.
C) cost of goods sold, including fixed indirect manufacturing costs.
D) variable costs, excluding variable marketing and administrative costs.

Question

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The Answer of The term "gross margin" for a manufacturing firm refers to the excess of sales over:
A) cost of goods sold, excluding fixed indirect manufacturing costs.
B) all variable costs, including variable marketing and administrative costs.
C) cost of goods sold, including fixed indirect manufacturing costs.
D) variable costs, excluding variable marketing and administrative costs.

The Term "Gross Margin" for a Manufacturing Firm Refers to the Excess