Compute gross profit for the black and navy divisions

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Reference no: EM131266391

Marian Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year: Black Division Navy Division Sales (net) $700,000 $320,000 Salary expense 20,000 40,000 Cost of goods sold 170,000 151,000 The Black Division occupies 12,000 square feet in the plant. The Navy Division occupies 22,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $42,000. Compute gross profit for the Black and Navy Divisions, respectively. $150,000; $129,000. $138,000; $107,000. $530,000; $169,000. $150,000; $107,000. $680,000; $280,000.

Reference no: EM131266391

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