Which of the following statements about operating profit (OP)is TRUE?
A)OP = revenue less fixed costs
B)OP = revenue less cost of goods sold less other variable costs
C)OP = revenue less variable costs
D)OP = revenue less variable and fixed costs

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements about operating profit (OP)is TRUE?
A)OP = revenue less fixed costs
B)OP = revenue less cost of goods sold less other variable costs
C)OP = revenue less variable costs
D)OP = revenue less variable and fixed costs

Which of the Following Statements About Operating Profit (OP)is TRUE