Question 11 (of 25) Marian Corporation has two separate divisions that operate a

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Question 11 (of 25) Marian Corporation has two separate divisions that operate as profit centers. The following information is avalable for the most recent year: Black Division Navy Division Sales (net) Salary expense $300,000 38,000 149,000 of 190,000 The Black Division occupies 10,000 square feet in the plant. The Navy Division occupies 20,.000 square feet Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $40,000. Compute gross profit for the Black and Navy Divisions, respectively. $162,000, $93,000. o $172,000, $93,000. O $882.000: $262.000. o $172,000, $113,000. O $710,000, $151,000 esc F2 F5

Explanation / Answer

CALCULATION OF THE GROSS PROFIT OF BLACK AND NAVY DIVISION BLACK DIVISION NAVY DIVISION Sales $                    9,00,000 $        3,00,000 Less: Cost of goods Sold $                    1,90,000 $        1,49,000 Gross Profit $                    7,10,000 $        1,51,000 Answer = Option 5 = $ 710,000 ; $ 151,000 Note : As per chegg answering guideline I have to answer only first Question

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