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Homework answers / question archive / Cost Assignment The sales staff of Central Media (a locally owned radio and cable television station) consists of two salespeople, Derek and Lauren
Cost Assignment
The sales staff of Central Media (a locally owned radio and cable television station) consists of two salespeople, Derek and Lauren. During March, the following salaries and commissions were paid:
Derek Lauren Salaries$23,000$51,000 Commissions 5,5001,900
Derek spends 100% of his time selling advertising. Lauren spends two-thirds of her time selling advertising and the remaining one-third on administrative work. Commissions are paid only on sales.
Required:
Enter all amounts as positive numbers.
1. Accumulate these costs by account by filling in the following table:
Staff Salaries Commission sDerek$$LaurenTotal$$
2. Assign the costs of salaries and commissions to selling expense and administrative expense by filling in the following table:
If an amount box does not require an entry, leave it blank.
Staff Selling Costs Administrative Costs Derek's salary$ $ Lauren's salary Derek's commissions Lauren's commissions Total$ $
