CarpetWorld employs a departmental supervisor for each of its two departments, Carpet and Drapery. Departmental supervisors receive

Question:

CarpetWorld employs a departmental supervisor for each of its two departments, Carpet and Drapery.

Departmental supervisors receive a biweekly salary and monthly commissions of 1% of net sales. They receive their commissions for the previous month in the first pay period of the current month. The following data are from the accounting records for the month ended February 28 of the current year.

a. Carpet Department: sales on account, \($8,623.40;\) cash and credit card sales, \($12,936.20;\) sales discount, \($148.90;\) sales returns and allowances, \($1,699.30.\)

b. Drapery Department: sales on account, \($7,223.89;\) cash and credit card sales, \($13,987.11;\) sales discount, \($337.17;\) sales returns and allowances, \($654.33.\)

Instructions:
Prepare February's commissions record for each of the following departmental supervisors. Save your work to complete Application Problem 3-2.

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Data from Problem 3-2

CarpetWorld has two departments, Carpet and Drapery. It uses a biweekly payroll system. It pays its salesclerks and employees in the accounting department on an hourly basis, and they receive 1/2 times the regular hourly pay rate for all hours worked in excess of 40 hours in one week. The employee hours worked and pay rates for selected employees are shown below.

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A partially completed payroll register for the biweekly pay period ended March 12 of the current year is provided in the Working Papers.

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Accounting Advanced

ISBN: 9780538447553

9th Edition

Authors: Claudia Bienias Gilbertson

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