College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN: 9781337794756
Author: HEINTZ, James A.
Publisher: Cengage Learning,
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Textbook Question
Chapter 25, Problem 5TF

Departmental direct operating margin is the difference between a department’s gross profit and its direct operating expenses.

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The difference between a department’s net sales and cost of goods sold is called (a) departmental gross profit. (b) departmental direct operating income. (c) departmental operating income. (d) net income.
Direct expenses are assigned to departments based on a.estimated expenses. b.actual expenses. c.the percentage of gross sales represented by each department. d.the percentage of total net sales represented by each department.
Departmental direct operating margin less departmental indirect expenses equals a.direct operating expenses. b.total operating income. c.departmental operating income. d.departmental income.

Chapter 25 Solutions

College Accounting, Chapters 1-27

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