I cant figure out these three questions for my study guide. 1) The Footwear Depa

Question

I cant figure out these three questions for my study guide.

1) The Footwear Department of Lee's Department Store had sales of $202,000, cost of goods sold of $139,500, indirect expenses of $14,650, and direct expenses of $28,900 for the current period. The Footwear Department's contribution to overhead as a percent of sales is:

2) A sawmill bought a shipment of logs for $30,000. When cut, the logs produced 800,000 board feet of lumber in the following grades.

Type 1 - 290,000 bd. ft. priced to sell at $.17 per bd. ft.

Type 2 - 380,000 bd. ft. priced to sell at $.17 per bd. ft.

1) The Footwear Department of Lee's Department Store had sales of $202,000, cost of goods sold of $139,500, indirect expenses of $14,650, and direct expenses of $28,900 for the current period. The Footwear Department's contribution to overhead as a percent of sales is:

Explanation / Answer

1)30.94%.

2)Type 2 - 380,000 bd. ft. priced to sell at $.17 per bd. ft.

$10,875; $14,250.

3)$133,000.

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