A review of the accounting records of Baird 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 $75,000. 2. Salary of the vice president of manufacturing $50,000. 3. Salary of the chief financial officer- $42,000. 4. Salary of the vice president of marketing $40,000. 5. Salaries of middle managers (department heads, production supervisors) in manufacturing plant $147,000. 6. Wages of production workers $703,500. 7. Salaries of administrative personnel- $60,000. 8. Salaries of engineers and other personnel responsible for maintaining production equipment-\$133,500. 9. Commissions paid to sales staff- $146,000. Required a. What amount of payroll cost would be classified as SG\&A (selling, general, and administrative) expense? b. Assuming that Baird made 5,000 units of product and sold 4,000 of them during the month of March, determine the amount of payroll cost that would be included in cost of goods sold. Note: Do not round intermediate calculations
Other questions asked by students
Two planes leave the Atlanta airport at the same time and fly for three hours...
Q2. Write an 8051 C program that uses 3 temperature sensors (TS1, TS2, TS3),  3 LEDs...
10 An ideal gas y 15 is expanded adiabatically How many times has the gas...
Given the following parametric equation x t 4t 4 y t 2 for t 1...
Subject 3 Class Example find integral of kx 6x y 8y over the rectangle of...
8 2 Choose one of the answers in each case In statistical infer ence measurements...
20 Sketch a graph of each equation Label all key point a 4x 9y 36...
ABC Corporation manufactures curtains. A certain window curtain requires the following:...
On July 1,2019, Brent purchases a new automobile for $40,000. He uses the car 80%...
please help and answer and fill in the blanks it is urgent. second image is...