Ask Question
10 September, 08:02

For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $80,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are $2,500 plus 1/2 of 1% of sales. Total selling expenses for the month of February are:

a. $231,000

b. $225,000

c. $227,500

d. $151,000

+3
Answers (1)
  1. 10 September, 10:00
    0
    Correct answer is A.

    $231,000

    Explanation:

    Particulars Calculations Costs ($)

    Sales Commissions 700,000 x 5% 35,000

    Salary expenses 96,000

    Advertising expenses 80,000

    Shipping expenses 700,000 x 2% 14,000

    Miscellaneous selling expenses 2,500 + 1/2 (700,000 x 1%) 6,000

    Total Sales expenses for the month of February = 231,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers