Question

For March, sales revenue is $1,000,000; sales commissions are 5% of sales; the sales manager's salary is $80,000; advertising expenses are $65,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $2,100 plus 1% of sales. Total selling expenses for the month of March are

Answer 1

Answer:

$217, 100

Explanation:

The selling expenses are as follows

sales commissions 5% of 1,000,000

=5/100 x 1,000,000 = $50,000

sales manager is   $80,000

Adverting expenses $65,000

shipping expenses 1% of 1,000,000

=1/100 x 1,000,000 = $10,000

Miscellaneous expenses 2100 + 1/100 x 1,000,000

=2100 +10,000 =  $12,100

Total selling expenses = $50,000 + $80,000 + $65,000 + $10,000 + 12,1000

= $217, 100