During a typical year, Mark's monthly sales compensation has ranged between $13,000 and $17,400 per month and units sold ranged between 1,100 and 1,900 units for those same months. Required: Use the high-low method to determine Mark's monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when Mark's total compensation amounted to $141,150. Note: Round your "Commission rate" to 2 decimal places. Monthly salary Commission rate Total number of units sold per unit

During a typical year, Mark's monthly sales compensation has ranged between $13,000 and $17,400 per month and units sold ranged between 1,100 and 1,900 units for those same months. Required: Use the high-low method to determine Mark's monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when Mark's total compensation amounted to $141,150. Note: Round your "Commission rate" to 2 decimal places. Monthly salary Commission rate Total number of units sold per unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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