Given the following, how much is total distribution costs?Freight-in: ₱5,000Freight-out: ₱6,000Depreciation Expense – Store Equipment: ₱27,723Depreciation Expense – Office Furniture and Fixtures: ₱19,554Store Salaries and Wages Expense: ₱122,297Store Utilities Expense: ₱38,173Miscellaneous Administrative Expenses: ₱12,412

Answered: Given the following, how much is total…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Given the following, how much is total distribution costs?

Freight-in: ₱5,000
Freight-out: ₱6,000
Depreciation Expense – Store Equipment: ₱27,723
Depreciation Expense – Office Furniture and Fixtures: ₱19,554
Store Salaries and Wages Expense: ₱122,297
Store Utilities Expense: ₱38,173
Miscellaneous Administrative Expenses: ₱12,412

Expert Solution

Definition

Meaning of Total Distribution Costs

The costs that are incurred from place of production till the delivery of goods to the user. If a particular product is distributed through different stages for example from wholesale to retailer to consumer then the distribution costs incurred in all the stages are considered in computation of total distribution costs.

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