Question
Wright & Boyle Inc. had the following income statement for the month of May: Sales revenue$470,800.00Cost of goods sold217,766.40Gross margin$253,033.60Less:Selling expenses86,199.20Administrative expenses74,942.80Operating income$91,891.60 What was
Wright & Boyle Inc. had the following income statement for the month of May:
Sales revenue$470,800.00Cost of goods sold217,766.40Gross margin$253,033.60Less:Selling expenses86,199.20Administrative expenses74,942.80Operating income$91,891.60What was the sales revenue percent?
a. 48%
b. 52%
c. 100%
d. 16%
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Cost Accounting A Managerial Emphasis Revised
Authors: Charles T. Horngren, Monte Wynder, William Maguire, Rebecca Tan, Srikant Datar, Lester E. Heitger
1st Australian Edition
1442554770, 978-1442554771
