A company has sales of $107,000; cost of goods sold of $68,870; and total direct expenses of $7,420. The department’ contribution to overhead is:
Question
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 = $107,000 - $68,870 = $38,130
Step 2: Subtract Total Direct Expenses Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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