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Question

? ? Cengage £2 cengageNow2 1 Online teacx om/ilrn/takeAssignment/takeAssignmentMain.do?invokersassignments&takeAssignmentSessionLocator; assignment-take&inprogress; false Calculator For February, sales revenue is $60,000, sales commissions are 7% of sales, the sales manager's salary is $86 400, advertising expenses are so 200 shipping expenses total 1% of sales, and miscellaneous selling expenses are $2,500 plus ½ of 1% of sales. Total selling expenses for the month of February are Oa. $179,100 Ob. $227,180 Oc, $221,170 Od. $230,185

Explanation / Answer

Option d. $230,185 is correct answer.

Sales Commission ($601,000 x 7%) $42,070 Sales manager salary 86,400 Advertising expenses 90,200 Shipping expense ($601,000 x 1%) 6,010 Misc. selling expenses (2,500 + $601,000 x 0.5%) 5,505 Total selling expenses $230,185

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