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 Variable mfg. cost Manufacturing margin Commissions Contribution margin per salesperson

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

More Books

Students also viewed these Accounting questions

Question

Know what customers expect from the firm when they complain.

Answered: 1 week ago

Question

Understand why customers complain.

Answered: 1 week ago