Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Excelsior Company has three salespersons. Average sales price per unit sold, average variable manufacturing costs per unit, and number of units sold for each salesperson

Excelsior Company has three salespersons. Average sales price per unit sold, average variable manufacturing costs per unit, and number of units sold for each salesperson are shown below.

Commissions are earned according to the following schedule:

Total Sales Percentage
$0 to 49,999 6%
$50,000 to $52,999 7%
Over $53,000 8%

Salesperson Mary Q. John A. Susan B.
Avg. selling price per unit $50.00 $65.00 $45.00
Avg. var. mfg. costs per unit 25.00 30.00 35.00
Number of units sold 1,000 750 1,200

Prepare a contribution by salesperson report.

Excelsior Company Contribution Margin by Salesperson For the Month Ended XX/XX/XXXX
Salesperson Mary Q. John A. Susan B.
Total sales $fill in the blank 1 $fill in the blank 2 $fill in the blank 3
Variable mfg. cost fill in the blank 4 fill in the blank 5 fill in the blank 6
Manufacturing margin $fill in the blank 7 $fill in the blank 8 $fill in the blank 9
Commissions fill in the blank 10 fill in the blank 11 fill in the blank 12
Contribution margin per salesperson $fill in the blank 13 $fill in the blank 14 $fill in the blank 15

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_2

Step: 3

blur-text-image_3

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

The Partnership And Alliances Audit

Authors: David Connell, Peter J. LaPlaca, Kenneth Wexler

1st Edition

1907766065, 978-1907766060

More Books

Students also viewed these Accounting questions

Question

x-3+1, x23 Let f(x) = -*+3, * Answered: 1 week ago

Answered: 1 week ago

Question

How We Listen?

Answered: 1 week ago