For February, sales revenue is $300,000; sales commissions are 5% of sales; the sales manager's salary is $40,000; advertising expenses are $13,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $1,100 plus 1/2 of 1% of sales.Total selling expenses for the month of February are:
A) $71,000.
B) $55,000.
C) $58,600.
D) $73,600.

Question

Quizplus · Accepted Answer

Total selling expenses calculation:- Sales commissions: 5% of $300,000 = $15,000- Sales manager's salary: $40,000- Advertising expenses: $13,000- Shipping expenses: 1% of $300,000 = $3,000- Miscellaneous selling expenses: $1,100 + (0.5% of $300,000) = $1,100 + $1,500 = $2,600Adding these together: $15,000 + $40,000 + $13,000 + $3,000 + $2,600 = $73,600.

For February, Sales Revenue Is $300,000; Sales Commissions Are 5