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Check my work A review of the accounting records of Jordan Manufacturing Indicated that the company Incurred the following payroll costs during the month of
Check my work A review of the accounting records of Jordan Manufacturing Indicated that the company Incurred the following payroll costs during the month of March. Assume the company's financial statements are prepared in accordance with GAAP. points eBook 1. Salary of the company president-$31,300. 2. Salary of the vice president of manufacturing-$16,500. 3. Salary of the chief financial officer-$18,500. 4. Salary of the vice president of marketing-$14,600. 5. Salaries of middle managers (department heads, production supervisors) in manufacturing plant-$206,000. 6. Wages of production workers-$945.000. 7. Salaries of administrative secretarles-$105,000. 8. Salaries of engineers and other personnel responsible for maintaining production equipment-$169,000. 9. Commissions pald to sales staff-$255,000. Print Required a. What amount of payroll cost would be classified as SG&A expense? b. Assuming that Jordan made 3,600 units of product and sold 2.880 of them during the month of March, determine the amount of payroll cost that would be included in cost of goods sold. (Do not round Intermediate calculations.) References a. Payroll cost to be included in SG&A cost b. Payroll cost to be included in cost of goods sold
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