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You received no credit for this question in the previous attempt Check my world Exercise 10-6 Identifying product versus SG&A costs LO 10-2, 10-3 A
You received no credit for this question in the previous attempt Check my world Exercise 10-6 Identifying product versus SG&A costs LO 10-2, 10-3 A review of the accounting records of Munoz Manufacturing indicated that the company incurred the following payroll costs during the month of March Assume the company's financial statements are prepared in accordance with GAAP 1. Salary of the company president-$31,900 2 Salary of the vice president of manufacturing-$15,100. 3. Salary of the chief financial officer 18.700. 4. Salary of the vice president of marketing-$15,300. 5. Selanes of middle managers (department heads, production supervisors) in manufacturing plant-$791000 6. Wages of production workers-5931,000. 7. Salaries of administrative secretaries-S107,000 8. Salatles of engineers and other personnel responsible for maintaining production equipment-$185.000 9. Commissions paid to sales state5247000. Required D. What amount of payroll cost would be classified as SG&A expense? b. Assuming that Munoz made 3,000 units of product and solo 2.400 of them during the month of March determine the amount of Dayroll costat would be included in cost of goods sold (Do not found intermediate calculations. You received no cred for the LAWAN 7. Salaries of administrative secretaries $107000 8. Salaries of engineers and other personnel responsible for maintaining production equipment-$185.000 9. Commissions paid to sales start-5247. 000 Required a. What amount of payroll cost would be classified as SG&A expense? b. Assuming that Munoz made 3.000 units of product and sold 2.400 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 I mediate calculations Payroll cost to be included in SGRA Cost b. Payrol cost to be included in cost of goods sold 5 26000 1.116.000 13 Ned>
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