Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 8.00

Julia's Candy Co

Julia's Candy Co. reports the following information from its sales account and sales budget:

Sales May $106,000
  June 94,000
     
Expected Sales: July $91,000
  August 111,000
  September 121,000


Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month following the date of sale.

If Julia's pays sales commission of 11% each month, in addition to fixed costs of $4,100, calculate the selling expenses for the third quarter.

  $35,530
  $39,630
  $43,730
  $47,830
  $51,930

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 06:08 PM My Price 8.00

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