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Cost Assignment The sales staff of Central Media (a locally owned radio and cable television station) consists of two salespeople, Derek and Lawanna. During
Cost Assignment The sales staff of Central Media (a locally owned radio and cable television station) consists of two salespeople, Derek and Lawanna. During March, the following salaries and commissions were paid: Derek Lawanna Salaries Commissions $22,900 7,600 $29,700 1,000 Derek spends 100% of his time selling advertising, Lawanna spends two-thirds of her time selling advertising and the remaining one-third on administrative work. Commissions are paid only on sales. Required: 1. Accumulate these costs by account by filling in the table provided. Cost Derek Lawanna Total Cost Accumulation Salaries Commissions 2. Assign the costs of salaries and commissions to selling expense and administrative expense by filling in the table provided. Enter "0" when no cost is to be assigned. Cost Derek's salary Lawanna's salary Derek's commissions Lawanna's commissions Total Cost Assignment Selling Costs Administrative Costs Previous
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