MM Co. predicts sales of $30,000 for May. MM Co. pays a sales manager a monthly salary

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MM Co. predicts sales of $30,000 for May. MM Co. pays a sales manager a monthly salary of $3,000 plus a commission of 6% of sales dollars. MM's production manager recently found a way to reduce the amount of packaging MM uses. As a result, MM's product will receive better placement on store shelves and thus May sales are predicted to increase by 8%. In addition, MM's shipping costs are predicted to decrease from 4% of sales to 3% of sales. Compute budgeted sales and budgeted selling expenses for May assuming MM switches to this more sustainable packaging.
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Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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