A-LevelAccountingPreparation of financial statements9706/12 · May/June 2015 · Q151 Mark
DEC Limited has produced the following information for the current financial year. department X department Y $ $ revenue 54 000 26000 cost of sales 23700 16600 gross profit 30 300 9400 The rent and insurance of buildings total is $13000. Heating and lighting total is $12500. The floor area occupied by each department: X 60%, Y 40%. What is the profit or loss for the year for department Y?
A$800 loss
B$5900 loss
C$15000 profit
D$20 100 profit
✓ Correct answer
A: $800 loss
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