Which of the following reflect(s) relative efficiency in operating a retail and wholesale organization? ...

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Accounting

Which of the following reflect(s) relative efficiency in operating a retail and wholesale organization?
Multiple choice question.
Gross margin
Purchases
Marketing and administrative costs
Cost of goods sold
period, product
product, period
prime, conversion
conversion, prime
Multiple choice question.
prime cost
operating profit
opportunity cost
cost of goods sold
Multiple select question.
They are costs that can be identified with units at relatively low cost.
They are period costs.
They are product costs.
They include manufacturing overhead.
Multiple choice question.
Marketing and administrative costs
Cost of goods sold
Purchases
Gross margin
Multiple select question.
Service companies provide customers with a tangible product.
Information technology represents the major cost for some service organizations.
All costs in a service organization are treated as marketing and administrative costs.
Labor is the most important single cost for many service organizations.

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