Garfield Corporation is considering building a new plant in Canada. It predicts sales at the new...
Garfield Corporation is considering building a new plant in Canada. It predicts sales at the new plant to be
80,000
units at
$7.00/unit.
Below is a listing of estimatedexpenses:
|
Category |
Total Annual Expenses |
% of Annual Expense that are Fixed |
|
Materials |
$30,000 |
30% |
|
Labor |
$70,000 |
10% |
|
Overhead |
$80,000 |
30% |
|
Marketing/Admin |
$30,000 |
40% |
A Canadian firm was contracted to sell the product and will receive a commission of
30%
of the sales price. No U.S. home office expenses will be allocated to the new facility.
How much does the Canadian contractor expect to make in commissions?
A.
$24,000
B.
$378,000
C.
$168,000
D.
$ 560,000
Homework Answers
It is given that Canadian contractor receives commission of 30% of sales price.
Sales price =( 80000 units * $7)
= $560000
commission = sales price * 30%
= $560000 * 30%
=$168000
Therefore option C is a correct answer.
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