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Julia's Candy Co. reports the following information from its sales account and sales budget: Sales May $106,000 June 94,000 Expected Sales: July $91,000 August 111,000
Julia's Candy Co. reports the following information from its sales account and sales budget:
Sales | May | $106,000 |
June | 94,000 | |
Expected Sales: | July | $91,000 |
August | 111,000 | |
September | 121,000 |
Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month following the date of sale. If Julia's pays sales commission of 11% each month, in addition to fixed costs of $4,100, calculate the selling expenses for the third quarter.
$35,530 | |
$39,630 | |
$43,730 | |
$47,830 | |
$51,930 |
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