Question

2. Gross profit is the difference between net sales & cost of goo 3. Purchase records end up with paying the voucher. 4. Payment for janitors & clerks is calculated under direct lab hotween actual cost & standard cost​

Answer 1

Gross profit is the difference between net sales and the cost of goods. It represents the profit made after accounting for all expenses.

Purchase records are maintained in order for a business to track all purchases that have been made and ensure that the appropriate payment is made.

Payments for janitors and clerks are calculated based on direct labor costs, which represent the wages paid to employees for their time and expertise. It is the difference between the actual cost and the standard cost of the labor

Step-by-step explanation: