Solution-Assign the costs of salaries and commissions

Assign the costs of salaries and commissions

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Reference no: EM132071573

Question - The sales staff of Central Media (a locally owned radio and cable television station) consists of two salespeople, Derek and Lawanna. During March, the following salaries and commissions were paid:

Salaries	$23,100	$29,100
Commissions	6,300	1,000

Derek spends 100% of his time selling advertising. Lawanna spends two-thirds of her time selling advertising and the remaining one-third on administrative work. Commissions are paid only on sales.

Required:

1. Accumulate these costs by account by filling in the table provided.

2. Assign the costs of salaries and commissions to selling expense and administrative expense by filling in the table provided.

Reference no: EM132071573

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Assign the costs of salaries and commissions

Reference no: EM132071573

Reference no: EM132071573

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