Sales revenue is $750,000; actual manufacturing overhead is $120,000; allocated manufacturing overhead is $95,000; and cost of goods sold before adjustment is $380,000. What is the actual gross profit?
A) $395,000
B) $345,000
C) $250,000
D) $370,000
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Question
Sales revenue is $750,000; actual manufacturing overhead is $120,000; allocated manufacturing overhead is $95,000; and cost of goods sold before adjustment is $380,000. What is the actual gross profit?
A) $395,000 B) $345,000 C) $250,000 D) $370,000
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