Solution-Compute gross profit for the black and navy

Compute gross profit for the black and navy divisions

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Reference no: EM132314847

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)	$500,000	$ 430,000
Salary expense	31,000	51,000
Cost of goods sold	130,000	162,000

The Black Division occupies 23,000 square feet in the plant. The Navy Division occupies 33,000 square feet. Rent is an indirect expense and is allocated based on square footage.

Rent expense for the year was $53,000. Compute gross profit for the Black and Navy Divisions, respectively.

Reference no: EM132314847

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Compute gross profit for the black and navy divisions

Reference no: EM132314847

Reference no: EM132314847

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