For February, sales revenue is $638,000, sales commissions are 5% of sales, the sales manager's salary is $87,100, advertising expenses are $85,400, shipping expenses total 1% of sale, and miscellaneous selling expenses are $2,500 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a.$175,000 b.$216,470 c.$206,900 d.$213,280
For February, sales revenue is $638,000, sales commissions are 5% of sales, the sales manager's salary is $87,100, advertising expenses are $85,400, shipping expenses total 1% of sale, and miscellaneous selling expenses are $2,500 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a.$175,000 b.$216,470 c.$206,900 d.$213,280
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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For February, sales revenue is $638,000, sales commissions are 5% of sales, the sales manager's salary is $87,100, advertising expenses are $85,400, shipping expenses total 1% of sale, and miscellaneous selling expenses are $2,500 plus 1/2 of 1% of sales. Total selling expenses for the month of February are
a.$175,000
b.$216,470
c.$206,900
d.$213,280
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