Reference no: EM131815204
Question - Voyager Corporation separates operating expenses in two categories: (1) selling, and (2) general and administrative. The adjusted trial balance at December 31, 2011, included the following expenses and loss accounts:
Interest ............................................. $140,000
Advertising .......................................... 300,000
Freight-Out .......................................... 160,000
Product Development .................................. 240,000
Loss on Sale of Long-Term Investment ................. 60,000
Officers' Salaries ................................... 450,000
Rent for Office Space ................................ 440,000
Sales Salaries and Commissions ....................... 280,000
One-half of the rented premises is occupied by the sales department. What are Voyager's total selling expenses for 2011?