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factory profits

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › factory profits

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.
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  • November 27, 2013 at 9:34 am #148024
    kay
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Hey, I realise this may be a bit elementary but what are factory profits? Is it the same as transferring goods at a mark up? and should it be added to the gross profit ?
    thanks.

    November 28, 2013 at 8:52 am #148199
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    It rather depends on how that phrase is being used in the question. You would normally expect the factory profits to actually be the gross profit.

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