A company has sales of $106,000; cost of goods sold of $68,370; and total direct expenses of $7,320. The department’ contribution to overhead is:

Question

A company has sales of $106,000; cost of goods sold of $68,370; and total direct expenses of $7,320. The department’ contribution to overhead is:
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Solution 1

To calculate the department's contribution to overhead, you first need to determine the gross profit, then subtract the total direct expenses.

Step 1: Calculate Gross Profit Gross Profit = Sales - Cost of Goods Sold Gross Profit = $106,000 - $68,370 = $37,630

Step 2: Subtract Total Direct Expenses Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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