The Menswear Department of Nancy‘s Department Store had sales of $191,000, cost of goods sold of $134,000, indirect expenses of

Question

2 years ago

13

The Menswear Department of Nancy‘s Department Store had sales of $191,000, cost of goods sold of $134,000, indirect expenses of

$13,550, and direct expenses of $27,800 for the current period. What is the Menswear Department's contribution to overhead as a percent of sales?

Mathematics

1 answer:

IRISSAK [1] · Answer 1 · 2022-05-27T20:11:28+03:00

IRISSAK [1]2 years ago

4 0

The contribution of overhead as percentage of sales will be found as follows:
Overheads=134000+13550+27800=$175350
Sales=$191000
thus the percentage of overheads will be:
overheads/sales
=175350/191000
=0.91806
=91.806%