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Commerce · Q723

Costing

Graduate and Post Graduate · Commerce · question 723

Q723

Gross margin percentage in constant gross-margin percentage NRV method is based on

A.
total labour costs
B.
total production
Answer
C.
total revenues
D.
total costs

Answer: Option B

Solution

Answer: Option B
Solution:
Gross margin percentage in constant gross-margin percentage NRV method is based on total production.
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