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A review of the accounting records of Spiller Manufacturing indicated that the company incurred the following payroll costs during the month of September. 1. Salary of the company president—$32,600. 2. Salary of the vice president of manufacturing—$15,700. 3. Salary of the chief financial officer—$18,400. 4. Salary of the vice president of marketing—$16,600. 5. Salaries of middle managers (department heads, production supervisors) in manufacturing plant—$205,000. 6. Wages of production workers—$943,000. 7. Salaries of administrative secretaries—$111,000. 8. Salaries of engineers and other personnel responsible for maintaining production equipment—$172,000. 9. Commissions paid to sales staff—$249,000. Required: a. What amount of payroll cost would be classified as selling, general, and administrative expense? b. Assuming that Spiller made 3,400 units of product and sold 3,060 of them during the month of September, determine the amount of payroll cost that would be included in cost of goods sold
Draw up a pro-forma combined cash and bank account, receivables and payables control accounts and all other T-accounts as required for Topsanah for the year ended 31 december 2011.
When an indirect ownership is present, why is a specific ordering necessary for determining the incomes of the component corporations?
Gamma Ray Corp. has annual sales totaling $975,000 and an average gross profit of 20% of cost. What is the dollar amount of the gross profit?
10th Generation Electronics had two transformers in its inventory, one purchased in February for $11,800 and the other acquired in September for $13,300. In December, they sold one of the transformers to Ram Enterprises for $16,400 and reported a gro..
hich of the following statements about markup pricing is true?
Rowdy Fun has total assets of $1,900,000 and total liabilities of $550,000 at the beginning of the year and total assets of $2,300,00 and total liabilities of $725,000 at the end of the year.
mr. rosen is the manager of a division of jokkmok industries. he is one of several managers being considered for the
Bendetta instructs her tenants to send their rent checks to Jenine so Jenine can report the rental income. Will this shift income from Bendetta to Jenine? Why, or why not?
Describe and explain why a social system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010.
A corporation has 17,000 shares $50 par value common stock. The bored of directors declares a 4- for - 1 stock split when the market value of the stock is $185.
Review national health care billing audit guidelines. Briefly describe in 2-3 paragraphs the billing audit guidelines ( qualifications of auditors, notifications of audit, role of audit coordinators, etc.
A loan company will loan up to 60% of the equity in a home. A family purchased their home 8 years ago for $83,000. The home was financed by paying 20% down and signing a 30-year mortgage at 8.4% for the balance. The market value of the house is now $..
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