Income from operations is gross profit less .

(a) operating expenses and other expenses and losses.
(b) operating expenses plus other revenues and gains.
(c) operating expenses

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $

The adjusted trial balance for china tea company at december 31, 2018, is presented below: