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helpppp Exercise 1-6A (Algo) Identifying product versus SG&A costs LO 1-2,...

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Accounting

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Exercise 1-6A (Algo) Identifying product versus SG&A costs LO 1-2, 1-3 A review of the accounting records of Gibson Manufacturing Indicated that the company neurred the following payroll costs during the month of March Assurve the company's financial statements are prepared in accordance with GAAR 1. Salary of the company president-$3000. 2. Salary of the vice president of manufacturing-516,000 3. Salary of the chief financial office-518,500 4. Salary of the vice president of marketing-S16,300 5. Solaries of middle managers (department needs, production supervisors) in manufacturing pre-5200.000. 6. Wages of production workers-5944000 7. Salaries of administrative secretaries-111000 B. Salaries of engineers and other personnel responsible for maintaining production comet-5168.000 9. Commissions peld to sales tat-5249.000 Required a. amount of payroll cost would be classified as SCEA expense 1. Asuming that Gibson made 4.700 units of product and sold 3.200 of them during the Marco payroll cost that would be included in cost of goods sold. De not round Intermediate clos) Payrolo BLAGO Parole dincolo Crew 25 Nad > . BO - % 5 & 7 6 0 8 4 2 3 EB L O P U Y T 7 Q W E D H G J L K F S

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