Use the following performance report for a profit center of the Wet Cat Food Company for the month ended December 31 to answer the question below.
What was the actual profit center income?

Question

Use the following performance report for a profit center of the Wet Cat Food Company for the month ended December 31 to answer the question below.  
What was the actual profit center income?

Quizplus · Accepted Answer

The actual profit center income is calculated by subtracting the actual expenses from the actual revenue. 
Actual revenue = $50 
Actual expenses = $20 (variable) + $0 (fixed) = $20 
Actual profit center income = $50 - $20 = $30

Use the Following Performance Report for a Profit Center of the Wet