In Class work #5

For February, sales revenue is $620,000, sales commissions are 6% of sales, the sales manager's salary is $80,300, advertising expenses are $80,200, shipping expenses total 2% of sale, and miscellaneous selling expenses are $2,700 plus 1/2 of 1% of sales. Total selling expenses for the month of February are O $212,800 O b. $200,400 O c. $215,900 Od $163,200

For February, sales revenue is $606,000; sales commissions are 5% of sales; the sales manager's salary is $91,600; advertising expenses are $81,900; shipping expenses total 4% of sales; and miscellaneous selling expenses are $3,000 plus 1/2 of 1% of sales. Total selling expenses for the month of February are Oa. $176,500 Ob. $206,800 Oc. $234,070 Od. $231,040

For February, sales revenue is P700,000; sales commissions are 5% of sales; the sales manager's salary is P96,000; advertising expenses are P80,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are P2,100 plus 1/2 of 1% of sales. Total selling expenses for the month of February are: *       A. P230,600   B. P185,650   C. P189,500   D. P196,100

For February, sales revenue is $900,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $80,000; shipping expenses total 2% 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.$227,600. b.$241,100. c.$245,600. d.$243,500.

Zachary Corporation paid one of its sales representatives $8,500 during the month of March. The rep is paid a base salary plus $11 per unit of product sold. During March, the rep sold 170 units. Required Calculate the total monthly cost of the sales representative's salary for each of the following months. Month Number of units sold i Total variable cost Total fixed cost Total salary cost $ April 210 0 $ May 120 0 $ June 220 0 $ July 130 0

For February, sales revenue is $610,000, sales commissions are 7% of sales, the sales manager's salary is $91,600, advertising expenses are $92,700, shipping expenses total 3% of sale, and miscellaneous selling expenses are $2,200 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a.$247,500 b.$250,550 c.$186,500 d.$229,200

Sunland Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 21% of sales. The income statement for the year ending December 31, 2022, is as follows. SUNLAND BEAUTY CORPORATIONIncome StatementFor the Year Ended December 31, 2022 Sales       $71,200,000 Cost of goods sold             Variable   $30,616,000         Fixed   8,560,000   39,176,000     Gross profit       $32,024,000 Selling and marketing expenses             Commissions   $14,952,000         Fixed costs   10,660,400   25,612,400     Operating income       $6,411,600 The company is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission of 7% and incur additional fixed costs of $9,968,000. Calculate the company’s break-even point in sales dollars for the year 2022 if it hires its own sales force to replace the network of agents. Break-even…

Pharoah Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 22% of sales. The income statement for the year ending December 31, 2025, is as follows. PHAROAH BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2025 Sales | Cost of goods sold Variable Fixed Gross profit Selling and marketing expenses Commissions Fixed costs Operating income $30,760,000 8,580,000 $16,918,000 10,070,400 $76,900,000 39,340,000 $37,560,000 26,988,400 $10,571,600 (a) ✓ Your answer is correct. Under the current policy of using a network of sales agents, calculate the Pharoah Beauty Corporation's break-even point in sales dollars for the year 2025. (b) Break-even point $ eTextbook and Media Calculate the company's break-even point in sales dollars for the year 2025 if it hires its own sales force to replace the network of agents. Break-even point $ eTextbook and Media Save for Later Attempts: 1 of 2 used The…

Adams Company makes a single product that it sells for $8.45 per unit. Provided below is information about this product for the past nine months: Month January February March April May June July August September Total Cost Incurred $28,730 $24,580 $30,660 $16,890 $19,120 $20,610 $17,490 $25,380 $15,540 Units Sold 6,400 5,150 6,900 2,950 3,600 4,150 3,350 5,500 2,700 Adams Company expects to sell 4,620 units of this product during October. Using the high-low method, calculate Adams Company's expected margin of safety for October.

Norwood Company has the following information for July: Sales $440,000 Variable cost of goods sold 198,000 Fixed manufacturing costs 70,400 Variable selling and administrative expenses 44,000 Fixed selling and administrative expenses 26,400 Determine the following for Norwood Company for the month of July: a.  Manufacturing margin $fill in the blank 1 b.  Contribution margin $fill in the blank 2 c.  Operating income $fill in the blank 3

Slapshot Company makes ice hockey sticks and sold 1,880 sticks during the month of June at a total cost of $433,000. Each stick sold at a price of $400. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales priceand other selling expense of $65,000. Administrative expense totaled $53,800. Required: Prepare an income statement for Slapshot for the month of June and calculate the percentage of sales revenue represented by each line of the income statement.

Campbell Corporation paid one of its sales representatives $5,500 during the month of March. The rep is paid a base salary plus $11 per unit of product sold. During March, the rep sold 140 units. Required Calculate the total monthly cost of the sales representative's salary for each of the following months. Month April May June July Number of units sold 180 90 190 100 Total variable cost Total fixed cost Total salary cost

Franklin Corporation paid one of its sales representatives $9,500 during the month of March. The rep is paid a base salary plus $13 per unit of product sold. During March, the rep sold 200 units. Required Calculate the total monthly cost of the sales representative's salary for each of the following months: Month Number of units Total variable cost Total fixed cost Total salary cost April 240 May 150 June 250 July 160

Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold 474,000 Fixed manufacturing costs 82,000 Variable selling and administrative expenses 238,100 Fixed selling and administrative expenses 54,700 Determine the following for Marley Company for the month of March: a.  Manufacturing margin $ b.  Contribution margin $ c.  Operating income $

Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold 474,000  Fixed manufacturing costs 82,000 Variable selling and administrative expenses 238,100 Fixed selling and administrative expenses 54,700 Determine (A) the manufacturing margin, (B) the contribution margin, and (C) income from operations for Marley Company for the month of March

For February, sales revenue is $613,000, sales commissions are 4% of sales, the sales manager's salary is $ 83,600, advertising expenses are $92, 900, shipping expenses total 4% of sale, and miscellaneous selling expenses are $2,000 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a. $ 230, 605 b. $227, 540 c. $178, 500 d. $203, 020

A salesperson receives step commission on sales calculated as follows: 8% on first $1,000 12% next $2,000 20% on sales above 3,000 Calculate the salesperson’s earning in one week if their sales were as follows: Monday-$1500 Tuesday-$3000 Wednesday-$970.00 Thursday-$4563.81 Friday- $2760.42

Higgins Company sells three products, Product A, Product B, and Product C. Sales during June totaled $1,500,000 in the company. The company's overall contribution margin ratio was 38%, and its fixed expenses totaled $525,000 for the period. Sales by product were: Product A, $750,000; Product B, $450,000; and Product C, $300,000. Traceable fixed expenses were: Product A, $180,000; Product B, $150,000; and Product C, $90,000. The variable expenses were: Product A, $450,000; Product B, $270,000; and Product C, $___?___. The contribution margin ratio for Product C for June was: Select one: a. 0% b. 30% c. 38% d. 70% e. 35%

Bonita Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statements for the year ending December, 31, 2014, is as follows   Sales                                                                               $75,000,000 Cost of Goods Sold   Variable                                         $31,500,000   Fixed                                                 8,610,000                40,110,000 Gross Margin                                                                      34,890,000 Selling and marketing expenses   Commission                                    13,500,000   Fixed Costs                                      10,260,000                23,760,000 Operating Income                                                              11,130,000   The company is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission 8%…