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Grafton sells a product for $700. Unit sales for May were 900 and a 4% growth in unit sales is forecasted for each month. Grafton
Grafton sells a product for $700. Unit sales for May were 900 and a 4% growth in unit sales is forecasted for each month. Grafton pays a sales manager a monthly salary of $3,500 and a commission of 3% of sales in dollars. Compute the projected selling expense to be reported on the selling expense budget for the manager for month ended June 30.
a. $22,400.
b. $21,644.
c. $11,894.
d. $29,960.
e. $23,156.
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