4. Miguel receives a basic salary of P13,750 a month. He also receives a bonus of 5% of the amount by which he goes beyond his quota of P75,000. For the month of February, his sales amounted to P128,000. What were his total earnings?
4. Miguel receives a basic salary of P13,750 a month. He also receives a bonus of 5% of the amount by which he goes beyond his quota of P75,000. For the month of February, his sales amounted to P128,000. What were his total earnings?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter3: Accounting For Labor
Section: Chapter Questions
Problem 16E
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