Use the following performance report for a profit center of the Wet Cat Food Company for the month ended December 31 to answer the question below. What was the actual profit center income?
A) $10
B) $20
C) $30
D) $40

Question

Use the following performance report for a profit center of the Wet Cat Food Company for the month ended December 31 to answer the question below.  What was the actual profit center income?
A) $10 
B) $20 
C) $30 
D) $40

Quizplus · Accepted Answer

The actual profit center income is calculated by subtracting the actual cost of goods sold from the actual revenue. In this case, the actual revenue is $50 and the actual cost of goods sold is $20, so the actual profit center income is $30 (50 - 20 = 30). Therefore, the answer is C) $30.

Use the Following Performance Report for a Profit Center of the Wet