Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During a year, Mark's monthly sales compensation ranged between $18,500 and $25,100 per month and units sold ranged between 1,200 and 2,000 units for

image text in transcribed

During a year, Mark's monthly sales compensation ranged between $18,500 and $25,100 per month and units sold ranged between 1,200 and 2,000 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 $235,200. (Round your "Commission rete" to 2 decimal places.) Answer is complete but not entirely correct. Monthly salary Commission rate Total number of units sold $ 8.600 per 8.25 unit 27.467

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic Accounting and Fraud Examination

Authors: William Hopwood, george young, Jay Leiner

2nd edition

978-007813666, 78136660, 978-0078136665

More Books

Students also viewed these Accounting questions