The candy department experienced the following revenue and expenses during October:
$$\begin{array} { | l | r | }
\hline \text { Sales } & \$ 13,500 \
\hline \text { Cost of Goods Sold } & 7,600 \
\hline \text { Direct Operating Expenses } & 1,000 \
\hline \text { Indirect Operating Expenses } & 700 \
\hline
\end{array}$$
The candy departmental net income is:

Question

The candy department experienced the following revenue and expenses during October:
$$\begin{array} { | l | r | } 
\hline \text { Sales } & \$ 13,500 \
\hline \text { Cost of Goods Sold } & 7,600 \
\hline \text { Direct Operating Expenses } & 1,000 \
\hline \text { Indirect Operating Expenses } & 700 \
\hline
\end{array}$$
The candy departmental net income is:

Quizplus · Accepted Answer

The net income is calculated as Sales - Cost of Goods Sold - Direct Operating Expenses - Indirect Operating Expenses = $13,500 - $7,600 - $1,000 - $700 = $4,200.

The Candy Department Experienced the Following Revenue and Expenses During