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Test: CPA Business Environment and Concepts (BEC)
1. | Which of the following costs is deducted from revenues of a manufacturing company in order to determine gross margin, but not deducted from revenues to determine contribution margin? |
Fixed manufacturing
Fixed selling and administrative
Variable manufacturing
Variable selling and administrative
Onesimus Kofi Aruna
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University of Kent, Bachelor of Technology, Drafting and Design Technology.
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