Denim Company offers sales people the following commission structure, with commission being paid monthly: 1.00% on the
Fantastic news! We've Found the answer you've been seeking!
Question:
Denim Company offers sales people the following commission structure, with commission being paid monthly:
1.00% on the first $3,000 they sell,
3.00% on the next $3,000 they sell, and
4.50% thereafter on all sales they make.
Kelly, a new sales representative, made sales of $3,750 in her first month, $7,000 in her second month, and $6,200 in her third month.
a. What were her total commissions for the first three months?
b. What single commission rate would represent her total earnings throughout the first 3 months?
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date: