Abstract
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’.
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© 1986 Edwin Whiting
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Whiting, E. (1986). Gross margin. In: A Guide to Business Performance Measurements. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07472-3_6
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DOI: https://doi.org/10.1007/978-1-349-07472-3_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-07474-7
Online ISBN: 978-1-349-07472-3
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