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Coca-Cola disclosed the following financial data: Production costs: $25,000,000 Warehouse rent: $4,800,000 Sales force salaries: $5,500,000 Market research expenses: $6,400,000 Legal consulting fees: $2,600,000 Office
Coca-Cola disclosed the following financial data:
- Production costs: $25,000,000
- Warehouse rent: $4,800,000
- Sales force salaries: $5,500,000
- Market research expenses: $6,400,000
- Legal consulting fees: $2,600,000
- Office rent: $6,700,000
- Travel expenses: $2,100,000
- Insurance premiums: $3,300,000
Requirements:
- Identify the production expenses.
- Determine the amount classified as selling expenses.
- Calculate the total administrative expenses.
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