Contribution to overhead as a percent of sales, Accounting Basics

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Contribution to overhead as a percent of sales

The Footwear Department of Lee's Department Store had sales of $188,000, cost of goods sold of $132,500, indirect expenses of $13,250, and direct expenses of $27,500 for the current period. The Footwear Department's contribution to overhead as a percent of sales is:

a) 7.8%.

b) 14.9%.

c) 29.5%.

d) 66.7%.

e) 85.4%.

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Accounting Basics: Contribution to overhead as a percent of sales

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Accounting Basics: Contribution to overhead as a percent of sales

Reference No:- TGS087975

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