The Menswear Department of Major's Department Store Had Sales of $188,000,cost

question 98

Multiple Choice

The Menswear Department of Major's Department Store had sales of $188,000,cost of goods sold of $132,500,indirect expenses of $13,250,and direct expenses of $27,500 for the current period.The Menswear Department's contribution to overhead as a percent of sales is:

• A)7.8%.
• B)14.9%.
• C)29.5%.
• D)66.7%.
• E)85.4%.

---

Definitions:

Convergent Thinking

A cognitive process in which a person attempts to find a single, correct answer to a problem.

Deductive Reasoning

An analytic approach where an outcome is concluded from the synchronization of several bases presumed to be true.

Inductive Reasoning

A method of reasoning in which general conclusions are drawn from specific observations or instances.

Divergent Thinking

An approach or technique adopted to produce innovative ideas through the examination of numerous potential answers.