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.
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.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter25: Departmental Accounting
Section: Chapter Questions
Problem 5TF: Departmental direct operating margin is the difference between a departments gross profit and its...
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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.
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