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Compute gross profit for the black and navy divisions

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Reference no: EM132010684

Question - 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)

$800,000

$390,000

Salary expense

27,000

47,000

Cost of goods sold

100,000

158,000

The Black Division occupies 19,000 square feet in the plant. The Navy Division occupies 29,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $49,000. Compute gross profit for the Black and Navy Divisions, respectively.

Reference no: EM132010684

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