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Chrome File Edit View History Bookmarks People Window Help WileyPLUS C secure https://edugen.wileyplus.com/edugen/studentimainfr.uni 51%)D Fri 11:52 AM Q xG For June, Concord Corporatior x C Question 1: Napa Manufacturi What Is The Correct Answer?x WleyPLUS: MywleyPLUS I Help I Contact Us I Log Out Kimmel, Accounting, 6e INTRODUCTORY ACCOUNTING 1/ (ACT 221/ 222) Home Read, Study & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment > Open Assignment TIMER CALCULATOR FULL SCREEN PRINTER VERSION BACK ASSIGNMENT RESOURCES Ch22 Calculation Multiple Choice Question 75 El Multiole Choice Question 78 xYour answer is incorrect. Try again. Multiple Choice Multiplechoice Multiple Choice Multiple Choice For June, Concord Corporation estimated sales revenue at $700000. It pays sales commissions that are 4% of sales. The sales manager's salary is $325000 estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $20000. How much are budgeted selling expenses for the month of July if sales are expected to be $640000? $377000 $380000 $52000 $32000 8 AM Question 74 estion 57 Multiple Choic estion 75 Click if you would like to Show Work for this question: Open Show Work Review Results b y Study Question Attempts: 1 of 2 used SAVE FOR LATER SUBMIT ANSWER 307 17

Explanation / Answer

Budgeted selling expenses: Sales commission 25600 =640000*4% Sales manager's salary 325000 Shipping expenses 6400 =640000*1% Miscellaneous selling expenses 20000 Total 377000 Option 1 is correct

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