During a year, Marks monthly sales compensation ranged between $18,000 and $24,000 per month and units sold

Question:

During a year, Mark’s monthly sales compensation ranged between $18,000 and $24,000 per month and units sold ranged between 2,000 and 3,000 units for those same months.


Required:

Use the high–low method to determine Mark’s monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when Mark’s total compensation amounted to $168,000.

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Related Book For  book-img-for-question

Accounting What the Numbers Mean

ISBN: 978-1260565492

12th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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