Answer:
Instructions are listed below.
Explanation:
Giving the following information:
X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sales dollars and the company pays a sales manager a salary of $7,000 per month. Sales commissions and salaries are paid in the month incurred.
April:
Sales comission= 0.10*70,000= 7,000
Sales manager salary= 7,000
Total= 14,000
June:
Sales comission= 0.10*120,000= 12,000
Sales manager salary= 7,000
Total= 19,000
July:
Sales comission= 0.10*70,000= 8,000
Sales manager salary= 7,000
Total= 15,000
