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Problem 10-1 5 points A review of the accounting records of John Inc indicated that the company incurred the following payroll costs during the
Problem 10-1 5 points A review of the accounting records of John Inc indicated that the company incurred the following payroll costs during the month of March. 1. Salary of the company president 2. Salary of the vice president of manufacturing 3. Salary of the chief financial officer 4. Salary of the vice president of marketing 5. Salaries of middle managers (department heads, production supervisors) in manufacturing plant | 6. Wages of production workers 7. Salaries of administrative secretaries 8. Salaries of engineers and other personnel responsible for maintaining manufacturing equipment 9. Commissions paid to sales staff AAAA 313,600 $ 156,800 184,240 $ 152,880 SSS $ 1,920,800 $ 9,192,400 $ 1,097,600 SS $ 1,744,400 $ 2,469,600 REQUIRED 1. What amount of payroll cost would be classified as general, selling, and administrative expense? 2. Assuming that John Inc made Assuming that John Inc sold only 31,500 units of product in the month 28,350 units of product made in the month of March, determine the amount of payroll cost that would be included in cost of goods sold. Also, assume there was no beginning inventory at the beginning of March.
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