Reference no: EM132534373
The following financial information was summarized from the accounting records of Bosco Corporation for the year ended Dec. 31:
Chip Division
Cost of Goods Sold $ 90,000
Total Operating Expenses 27,400
Net Sales Revenue 170,000
Question 1: The gross profit and income from operations for the Division are:
a) $80,000 gross profit and $32,600 operating income
b) $170,000 gross profit and $52,600 operating income
c) $52,600 gross profit and $80,000 operating income
d) $80,000 gross profit and $52,600 operating income