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The Footwear Department of Lee's Department Store Had Sales of $188,000

Question 170

Multiple Choice

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%.

Correct Answer:

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