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40 Jamesway Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year: Grey Division Sales
40
Jamesway Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year: Grey Division Sales (net) Salary expense Cost of goods sold White Division $500,000 31,000 130,000 $430,000 51,000 162,000 The White Division occupies 20,000 square feet in the plant. The Grey Division occupies 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 departmental income for the White and Grey Divisions, respectively. (Do not round your intermediate computations) Multiple Choice $99,000; $184,000. $370,000; $268,000. $99,000; $217,000. $469,000; $379,000. $319,000; $187,000. OStep by Step Solution
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