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please help me with this question. i will give up vite for correct answers. A review of the accounting records of Rooney Manufacturing indicated that
please help me with this question. i will give up vite for correct answers.
A review of the accounting records of Rooney Manufacturing indicated that the company incurred the following payroli costs during the month of March. Assume the company's financial statements are prepared in accordance wth GAAP 1. Salary of the company president $32,700. 2. Salary of the vice president of manufacturing $16.600. 3. Salary of the chief financial officer- $18,400. 4. Salary of the vice president of marketing $15,500. 5. Salaries of middle managers (department heads, production supervisors) in manufacturing plant-5187,000. 6. Wages of production workers $929,000. 7. Salanes of administrative secretaries $110,000. 8. Salaries of engineers and other personnel responsible for maintaining production equipment- $175,000. 9. Commissions paid to sales staff- $257,000. Required 6. What amount of payroll cost would be classified as SG\&A expense? b. Assuming that Rooney made 4,300 units of product and sold 3,655 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.) Rundle Manufacturing Company began operations on January 1. During the year, it started and completed 1730 units of product The financial statements are prepared in accordance with GAAP. The company incurred the following costs; 1. Raw materials purchased and used- $3,070. 2. Wages of production workers- $3,620. 3. Salaries of administrative and sales personnel-\$1,905. 4. Depreciation on manufacturing equipment $5,593. 5. Depreciation on administrative equipment- $1,815. Rundie sold 1,040 units of product. Required o. Determine the total product cost for the year. b. Determine the total cost of the ending inventory. (Do not round intermediate calculations.) c. Determine the total of cost of goods sold. (Do not round intermediate calculations.) Step by Step Solution
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