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Gibson Corporation has three divisions, each operating as a responsibility center. To provide an Incentive for divisional executive officers, the company gives divisional management a
Gibson Corporation has three divisions, each operating as a responsibility center. To provide an Incentive for divisional executive officers, the company gives divisional management a bonus equal to percent of the excess of actual net income over budgeted netincome. The following is Atlantic Division's current year's performance.
Sales revenue
Cost of goods sold
Gross profit
selling & administrative expenses
Net income
tableCurrent Year$
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