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For February, sales revenue is $628,000; sales commissions are 7% of sales; the sales manager's salary...

For February, sales revenue is $628,000; sales commissions are 7% of sales; the sales manager's salary is $90,500; advertising expenses are $82,000; shipping expenses total 1% 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.$218,560

b.$224,840

c.$227,980

d.$174,600

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Answer #1

Total selling expenses for the month of February

Sales Commission = $43,960 [$628,000 x 7.00%]

Sales Manager's Salary = $90,500

Advertising Expenses = $82,000

Shipping expenses = $6,280 [$628,000 x 1.00%]

Miscellaneous selling expenses = $5,240 [$2,100 + ($628,000 x 1.00% x ½)]

Therefore, the total selling expenses = Sales Commission + Sales Manager's Salary + Advertising Expenses + Shipping expenses + Miscellaneous selling expenses

= $43,960 + $90,500 + $82,000 + $6,280 + $5,240

= $227,980

Therefore, the total selling expenses for the month of February = (c)-$227,980”

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