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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
Isaac only has $690 today but needs $800 to buy a new laptop. Explain how long will he have to wait to buy the laptop if he earns 5.4 percent compounded annually on his savings?
Department versus Activity-Based Costing for Overhead - prepare analyses to help Robert and Jane in making their decisions
The beginning and ending balances in the Property, Plant, and Equipment account are $7,000 and $7,400 respectively. How much equipment did Portland Company purchase during the year?
Explain the similarities and differences between standards and budgets. Contrast the accounting for standards and budgets. Should be between 40-50 words
Mason Farms purchased a building for $729,000 eight years ago. Six years ago, repairs were made to the building which cost $136,000. The annual taxes on the property are $11,000. The building has a current market value of $825,000 and a current book ..
An extensive consultation paper has been provided to you related to the Conceptual Framework from the International Public Sector Accounting Standards Board.
show all workmary kay cosmeticsselected data and additional information from the companys records are presented
What is Tootsie Roll's percent of the cost of sales to sales? Round to one decimal place.
It had a useful life of 10 years. On January 1, 2012, ELO spent 44,000 to successfully defend the patent in a lawsuit. ELO feels that as of that date, the remaining useful life is 5 years. Illustrate what amount should be reported for patent amort..
Tom’s Terrific Technologies provides maintenance service for office equipment and computers for companies located in the Pacific Northwest. The fiscal year-end for this company is December 31st. On December 30, 2014, Sally Seller, the sales manager, ..
calculation of overhead rate using traditional abc and overhead cost allocation.venable inc. produces golf carts.nbsp
Vonte Canyon, Arizona (a fictitious city) has a new budget of $89,895,000 to pay for police, fire, schools, and government, among other expenses. The total assessed valuation (based on 60% of market value) in the city is $7,899,023,000. Find the tax ..
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