Question
Didde Corp. reports operating expenses in two categories (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2017 included the
Didde Corp. reports operating expenses in two categories (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2017 included the following expense and loss accounts:
Accounting and legal fees - $210,000
Advertising - 290,000
Freight-out - 120,000
Interest - 105,000
Loss on sale of long-term investment - 45,000
Officers' salaries - 335,000
Rent for office space - 330,000
Sales salaries and commissions - 355,000
One-half of the rented premises is occupied by the sales department. Diddie's total selling expenses for 2017 are
A) $930,000
B) $810,000
C) $765,000
D) $645,000
The answer is A, I need an explanation on how this is this answer.
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