For February, sales revenue is $700,000; sales commissions are 5% of sales; the

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 $80,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are $2,100 plus 1/2 of 1% of sales. Total selling expenses for the month of February are: a. $196,100
b. $185,650
c. $230,600
d. $189,500 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 $2,100 plus 1/2 of 1% of sales. Total selling expenses for the month of February are: a. $196,100
b. $185,650
c. $230,600
d. $189,500

Explanation / Answer

sales commissions = 35,000 managers salary = 96,000 advertising = 80,000 shipping expenses = 14,000 misc expenses = 2100 + 3500 Total = $230,600

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