XYZ Company expects to sell 37,000 units of its product in the coming year. Each unit sells for $45 . Sales brochures and supplies for the year are expected to cost $7,000 . Three sales representatives cover the Southeast region. Each one's base salary is $25,000, and each earns a sales commission of 5 percent of the selling price of the units he or she sells. The sales representatives supply
their own transportation; they are reimbursed for travel at a rate of $0.40 per mile. The company estimates that the sales representatives will drive a total of 75,000 miles next year. From the information provided, calculate XYZ Company's budgeted selling expenses for the coming year.
a. $195,250
b. $145,250
c. $120,250
d. $83,250
A
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