31.

Bison Corporation has two separate divisions that serves the United States Armed Forces. The two divisions operate as profit centers - Army Division and Navy Division. The following information is available for the most recent year. Army Division Navy Division Sales (net) $200,000 $400,000 Salary expense 28,000 48,000 Cost of goods sold 100,000 159,000 The Army Division occupies 20,000 square feet in the plant. The Navy Division occuples 30,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $50.000. Compute gross profit for the Army and Navy Divisions, respectively. Multiple Choice $72.000; $163.000 $100,000: $241.000 $72,000: $193,000