Question
The Menswear Department of Major's Department Store had sales of $198,000, cost of goods sold of $137,500, indirect expenses of $14,250, and direct expenses of
The Menswear Department of Major's Department Store had sales of $198,000, cost of goods sold of $137,500, indirect expenses of $14,250, and direct expenses of $28,500 for the current period. The Menswear Department's contribution to overhead as a percent of sales is:
Multiple Choice
- 30.56%.
- 68.91%.
- 8.96%.
- 85.61%.
- 16.16%.
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
