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The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $47,700 $29,000 Direct operating expenses 27,100 20,500 Sales 93,300 67,000 Interest expense $2,800 General overhead 18,900 Income tax 4,100 The gross profit for the Rails Division is Oa. $66,200 Оь. S45,600 Oc. $93,300 Od. $18,500

The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $47,700 $29,000 Direct operating expenses 27,100 20,500 Sales 93,300 67,000 Interest expense $2,800 General overhead 18,900 Income tax 4,100 The gross profit for the Rails Division is Oa. $66,200 Оь. S45,600 Oc. $93,300 Od. $18,500

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 9E: The following inventory data relate to Edwards, Inc.: Calculate the following for the year: a....
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The gross profit for the Rails Division is

Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $47,700 $29,000 Direct operating expenses 27,100 20,500 Sales 93,300 67,000 Interest expense $2,800 General overhead 18,900 Income tax 4,100 The gross profit for the Rails Division is Oa. $66,200 Ob. $45,600 Oc. $93,300 Od. $18,500
Transcribed Image Text:Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $47,700 $29,000 Direct operating expenses 27,100 20,500 Sales 93,300 67,000 Interest expense $2,800 General overhead 18,900 Income tax 4,100 The gross profit for the Rails Division is Oa. $66,200 Ob. $45,600 Oc. $93,300 Od. $18,500
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