During a typical year, Mark's monthly sales compensation has ranged between $13,000 and $17,400 per month and units sold ranged between 1,100 and 1,900 units for those same months. Required: Use the high-low method to determine Mark's monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when Mark's total compensation amounted to $141,150. Note: Round your "Commission rate" to 2 decimal places. Monthly salary Commission rate Total number of units sold per unit
During a typical year, Mark's monthly sales compensation has ranged between $13,000 and $17,400 per month and units sold ranged between 1,100 and 1,900 units for those same months. Required: Use the high-low method to determine Mark's monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when Mark's total compensation amounted to $141,150. Note: Round your "Commission rate" to 2 decimal places. Monthly salary Commission rate Total number of units sold per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![During a typical year, Mark's monthly sales compensation has ranged between $13,000 and $17,400 per month and units sold ranged
between 1,100 and 1,900 units for those same months.
Required:
Use the high-low method to determine Mark's monthly salary and commission rate per unit sold and then calculate the total number of
units sold in a year when Mark's total compensation amounted to $141,150.
Note: Round your "Commission rate" to 2 decimal places.
Monthly salary
Commission rate
Total number of units sold
per unit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3c71dba6-c196-4a90-8101-a07a7bb512f3%2F811ba9b5-b1ed-4fbc-942d-5ab088120173%2Fj0735ap_processed.jpeg&w=3840&q=75)
Transcribed Image Text:During a typical year, Mark's monthly sales compensation has ranged between $13,000 and $17,400 per month and units sold ranged
between 1,100 and 1,900 units for those same months.
Required:
Use the high-low method to determine Mark's monthly salary and commission rate per unit sold and then calculate the total number of
units sold in a year when Mark's total compensation amounted to $141,150.
Note: Round your "Commission rate" to 2 decimal places.
Monthly salary
Commission rate
Total number of units sold
per unit
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