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QUESTION 7: The sales staff of Central Media (a locally owned radio and cable television station) consists of two salespeople, Derek and Lauren. During March,
QUESTION 7:
The sales staff of Central Media (a locally owned radio and cable television station) consists of two salespeople, Derek and Lauren. During March, the following salaries and commissions were paid:
Derek | Lauren | |
Salaries | $21,000 | $39,000 |
Commissions | 4,000 | 1,100 |
Derek spends 100% of his time selling advertising. Lauren spends two-thirds of her time selling advertising and the remaining one-third on administrative work. Commissions are paid only on sales.
Required:
Enter all amounts as positive numbers.
1. Accumulate these costs by account by filling in the following table:
Product Cost Period Cost Direct Direct Manufacturing Selling Administrative Costs Materials Labour Overhead Expense Expense Direct materials $216,000 Factory rent Direct labour Factory utilities Supervision in the factory Indirect labour in the factory Depreciation on factory equipment Sales commissions Sales salaries Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative costs Salary of the factory receptionist TotalsStep by Step Solution
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