Sales revenue is $600,000; actual manufacturing overhead is $104,000; allocated manufacturing overhead is $95,000; and cost of goods sold before adjustment is $375,000. What is the actual gross profit?

Name: Sales revenue is $600,000; actual manufacturing overhead is $104,000; allocated manufacturing overhead is $95,000; and cost of goods sold before adjustment is $375,000. What is the actual gross profit?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

D) $104,000 - 95,000 = $9,000 Under allocated
$600,000 - 375,000 - 9,000 = $216,000

Sales Revenue Is $600,000; Actual Manufacturing Overhead Is $104,000; Allocated