Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started