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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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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