For june, gold corp. estimated sales revenue at $600,000. it pays sales commissions that are 4% of sales. the sales manager's salary is $285,000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15,000. how much are budgeted selling expenses for the month of july if sales are expected to be $540,000?

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Business

Chavez

24 December, 06:14

For june, gold corp. estimated sales revenue at $600,000. it pays sales commissions that are 4% of sales. the sales manager's salary is $285,000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15,000. how much are budgeted selling expenses for the month of july if sales are expected to be $540,000?

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Craig Whitaker · Answer 1

In July, Goldcorp had sales of $540,000. Of this, the 4% sales commission = $21,600, the shipping expenses was 1% at $5400, and the manager's monthly salary was $23,750, plus miscellaneous expenses was $15,000. So I would say that the budgeted expenses would be $21,600+$5400+$23750 = $50,750, assuming that miscellaneous expenses were not budgeted. Total expenses would be $65,750 if the $15,000 was included.