Gross margin is the first convenient stage in the hierarchy of profit levels where costs may be deducted from turnover. The costs at this stage are all directly variable and related to turnover. They are not fixed, do not depend on capacity utilised, can be readily identified, are not allocated from a total of indirect costs and exclude anything in the nature of ‘overhead’.


Variable Cost Overhead Cost Current Cost Replacement Cost Staff Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© Edwin Whiting 1986

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  • Edwin Whiting

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