Question: The term gross margin is used in reports prepared using: a. both absorption costing and variable costing. b. absorption costing but not variable costing. c.

The term gross margin is used in reports prepared using:

a. both absorption costing and variable costing.

b. absorption costing but not variable costing.

c. variable costing but not absorption costing.

d. neither variable costing nor absorption costing.

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