The Linens Department of the Krafton Department Store had sales of $282,000, cost of goods sold of $173,500, indirect expenses of $19,875, and direct expenses of $41,250 for the current period. What is the Linens Department's contribution to overhead as a percent of sales?
What will be an ideal response?
$282,000 - $173,500 - $41,250 = $67,250; $67,250/$282,000 = 23.8%
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