Assume that the salespeople of Excellent Corp. are paid 4% of sales as commission. The level...
Assume that the salespeople of Excellent Corp. are paid 4% of sales as commission. The level of sales is $230,000 for this month, and the only fixed selling costs are $30,000. Excellent's budgeted selling costs for this month are:
Homework Answers
Selling cost = Fixed cost + Variable Cost
selling Cost = 30,000 + ( 4% on 230,000)
= 30,000 + 9,200 = $39,200 (Answer)
Add Answer to:
Assume that the salespeople of Excellent Corp. are paid 4% of
sales as commission. The level...
nformation pertaining to Yekstop Corp.'s sales revenue is presented below: November December January Cash sales...
nformation pertaining to Yekstop Corp.'s sales revenue is presented below: November December January Cash sales $ 101,000 $ 130,000 $ 83,000 Credit sales 293,000 455,000 239,000 Total sales $ 394,000 $ 585,000 $ 322,000 Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an...
Problem 18-4A a-b (Part Level Submission) (Video) Carla Vista Corp.'s sales slumped badly in 2020. For...
Problem 18-4A a-b (Part Level Submission) (Video) Carla Vista Corp.'s sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 585,500 units of product: sales $2,927,500, total costs and expenses $3,036,000, and net loss $108,500. Costs and expenses consisted of the amounts shown below. Cost of goods sold Selling expenses Administrative expenses Total $2,497,340 292,750 245,910 $3,036,000 Variable $1,920,440 107,732 79,628 $2,107,800 Fixed...
Information pertaining to Yekstop Corp.'s sales revenue is presented below: November December January Cash sales $...
Information pertaining to Yekstop Corp.'s sales revenue is presented below: November December January Cash sales $ 113,000 $ 142,000 $ 95,000 Credit sales 305,000 467,000 251,000 Total sales $ 418,000 $ 609,000 $ 346,000 Management estimates that 5% of credit sales are eventually uncollectible. Of the collectible credit sales, 60% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an...
Monroe Company has developed the quarterly sales budget for the upcoming year that appears below: Quarter...
Monroe Company has developed the quarterly sales budget for the upcoming year that appears below: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Budgeted unit sales 30,000 32,000 28,000 26,000 Budgeted sales revenue $180,000 $192,000 $168,000 $156,000 The company’s variable selling and administrative expenses consist of a 5% selling commission paid on sales revenues plus shipping expenses of $3 per unit. Fixed annual selling and administrative costs consisting of executive salaries, advertising, and depreciation occur evenly throughout the year and...
Excellent Manufacturers Inc. has a current production level of 20,000 units per month. Unit costs at...
Excellent Manufacturers Inc. has a current production level of 20,000 units per month. Unit costs at this level are: Direct materials Direct labor Variable overhead Fixed overhead Marketing - fixed Marketing/distribution - variable $0.25 0.44 0.18 0.21 0.21 0.40 Current monthly sales are 18,000 units. Jax Company has contacted Excellent about purchasing 1,580 units at $2.10 each. Current sales would NOT be affected by the one-time - only special order, and variable marketing/distribution costs would NOT be incurred on the...
Excellent Manufacturers Inc. has a current production level of 20,000 units per month. Unit costs at...
Excellent Manufacturers Inc. has a current production level of 20,000 units per month. Unit costs at this level are: $0.25 0.44 0.18 Direct materials Direct labor Variable overhead Fixed overhead Marketing - fixed Marketing/distribution - variable 0.21 0.21 0.40 Current monthly sales are 18,000 units. Jax Company has contacted Excellent about purchasing 1,580 units at $2.10 each. Current sales would NOT be affected by the one-time - only special order, and variable marketing/distribution costs would NOT be incurred on the...
Cellular First The sales department of a cellular phone company pays its salespeople $1,500 per month...
Cellular First The sales department of a cellular phone company pays its salespeople $1,500 per month plus 25 percent of each new subscriber's first month's billings. A new subscriber's first-month bill average $80. Sales people work 160 hours a month (four weeks at 40 hours per week). If salespeople work more than 160 hours per month, they receive $12 per hour for hours in excess of 160. Sales leads for the sales department are generated in a variety of ways--...
Question 7 and 9 please. 7. Geraldine Moog is paid a commission of 9% on her...
Question 7 and 9 please.
7. Geraldine Moog is paid a commission of 9% on her net sales and is authorized to draw up to $800 a month. What is the amount due to Geraldine at the end of a month in which she drew $720, had gross sales of $12 660, and sales returns of $131.20? 8. What is a salesperson's commission on net sales of $16 244 if the commission is paid on a sliding scale of 84%...
ou work for a software company has just created a new incentive for salespeople to earn...
ou work for a software company has just created a new incentive for salespeople to earn a commission on each sale. The current program only allows for a fixed salary. The Chief Information Officer (CIO) has asked you to create a new program that allows the functionality for a fixed salary and commission. Write a Java® application, using NetBeans IDE, that calculates the total annual compensation of a salesperson. Consider the following: A salesperson will earn a fixed salary of...
The Rozas Roofing Company sells seven different styles of roof tiles in stores throughout Southern California....
The Rozas Roofing Company sells seven different styles of roof tiles in stores throughout Southern California. The roof tiles have identical unit costs and selling prices. A unit is defined as a roof tile. Each store has a store manager who is paid a fixed salary. Individual salespeople receive a fixed salary and a sales commission. Rozas Roofing is considering opening another store that is expected to have the revenue and cost relationships shown here: UNIT VARIABLE COSTS (per roof...
Problem 18-4A a-b (Part Level Submission) (Video) Carla Vista Corp.'s sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 585,500 units of product: sales $2,927,500, total costs and expenses $3,036,000, and net loss $108,500. Costs and expenses consisted of the amounts shown below. Cost of goods sold Selling expenses Administrative expenses Total $2,497,340 292,750 245,910 $3,036,000 Variable $1,920,440 107,732 79,628 $2,107,800 Fixed...
Excellent Manufacturers Inc. has a current production level of 20,000 units per month. Unit costs at this level are: Direct materials Direct labor Variable overhead Fixed overhead Marketing - fixed Marketing/distribution - variable $0.25 0.44 0.18 0.21 0.21 0.40 Current monthly sales are 18,000 units. Jax Company has contacted Excellent about purchasing 1,580 units at $2.10 each. Current sales would NOT be affected by the one-time - only special order, and variable marketing/distribution costs would NOT be incurred on the...
Excellent Manufacturers Inc. has a current production level of 20,000 units per month. Unit costs at this level are: $0.25 0.44 0.18 Direct materials Direct labor Variable overhead Fixed overhead Marketing - fixed Marketing/distribution - variable 0.21 0.21 0.40 Current monthly sales are 18,000 units. Jax Company has contacted Excellent about purchasing 1,580 units at $2.10 each. Current sales would NOT be affected by the one-time - only special order, and variable marketing/distribution costs would NOT be incurred on the...
Question 7 and 9 please.
7. Geraldine Moog is paid a commission of 9% on her net sales and is authorized to draw up to $800 a month. What is the amount due to Geraldine at the end of a month in which she drew $720, had gross sales of $12 660, and sales returns of $131.20? 8. What is a salesperson's commission on net sales of $16 244 if the commission is paid on a sliding scale of 84%...
Most questions answered within 3 hours.
-
A study by a corporation revealed that the mean weekly salary
for managers in department A...
asked 3 minutes ago -
Considering the migration patterns of the genus Homo,we learned
that one of the following statements is...
asked 21 minutes ago -
we want to evaluate the effectiveness of an assertiveness
training program.people selected adjectives from a list...
asked 27 minutes ago -
Expression of eukaryal DNA in bacterial cells requires the
insertion of ________ into the plasmid expression...
asked 32 minutes ago -
A business strategy :
-Clearly identifies the firm's target market and
broadly indicates what the operations...
asked 37 minutes ago -
Instead of spectrometry, ion chromatography will be used to
determine the concentration of nitrate in wastewater....
asked 37 minutes ago -
A 75.0-mL volume of 0.200 mol L−1 NH3 (Kb=1.8×10−5) is titrated
with 0.500 mol L−1 HNO3....
asked 43 minutes ago -
A man is standing on a scale inside an elevator in Flushing, NY.
His weight is...
asked 48 minutes ago -
Lettered blanks have been left in the following paragraph.
Indicate the term that should be found...
asked 51 minutes ago -
Enumerate the steps involved in pull and push operations in
mobile Computing
asked 1 hour ago -
How did gene duplication and mutation produce the information
for a third type of opsin protein?...
asked 1 hour ago -
Write a program in PYTHON that takes a string
and an integer as inputs from the...
asked 1 hour ago