Need help with this accounting question During a year, Teri's monthly sales compensation ranged between $20,000and $27,200 per month and units sold ranged between 1,000 and 1,800 unitsfor those same months. Required: Use the high-low method to determineTeri's monthly salary and commission rate per unit sold and then calculatethe total number of units sold in a year when Teri's total compensationamounted to $289,500. (Round your "Commission rate" to 2 decimal places.)Monthly salary: $Commission rate:per unitunitsTotal number of units sold:

Step 1: Define Cost BehaviorIn cost accounting, there are different methods that can be used to…

Answered: During a year, Teri's monthly sales…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume you are a salesperson earning 10 percent commission and you have sold $540,000 in products this year. What are your commission earnings for the year (show your math). Based on this, if you were on a draw of $50,000, would you earn your draw or commission?
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Cabrera Accounting pays Shanaya Kapoor $62,050 per year. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. What is the hourly cost to Cabrera Accounting of employing Shanaya Kapoor? Assume it is a 38 hour work week and the work 50 weeks a year. Weeks per year ? Hours per week = Work hours per year Yearly Rate ? Hours per year = Cost per hour = = 2. What is the direct labor cost assigned to Client 123 when Shanaya Kapoor works 17 hours to prepare Clients 123 financial statements? Submit All Parts Hours worked ? Rate per hour = Direct Labor Cost =
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