Homework Answers
Solution: First of all, we need to find adjusted 'COGS' as follows:
Adjusted COGS = COGS - overallocated overhead
= $335,100 - ($104,900 - 91,200 )
= $335,100 - 13,700 = $321,400
So, actual gross profit = Sales revenue - Adjusted COGS
= $585,500 - 321,400
= $264,100 (Option B.)
Thus, option B. is the correct choice.
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