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Problem 10-1 A review of the accounting records of St Archer Incorporated indicated that the compan incurred the following pavroll costs during the month of
Problem 10-1 A review of the accounting records of St Archer Incorporated indicated that the compan incurred the following pavroll costs during the month of Februa 1. Salary of the company president 2. Salary of the vice president of manufacturin 89,600 44,800 52,640 43,680 3. Salary of the chief financial officer 4. Salary of the vice president of marketin 5. Salaries of middle managers (department heads production supervisors) in manufacturing plant 6. Wages of production workers 548,800 $2,626,400 313,600 7. Salaries of administrative secretaries 8. Salaries of engineers and other personnel responsible for maintaining production equipment 498,400 705,600 9. Commissions paid to sales staff REQUIRED 1. What amount of payroll cost would be classified as general, selling, and administrative expense? 2. Assuming that St Archer made 9,000units of product in the month Assuming that St Archer sold onl 7,200units of product made in the month of August, 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 Februa
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