how much advertising costs and staff bonuses should be included
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Throughout the financial year Dom Company incurs costs unevenly. On February 28, 2018, advertising costs
of P200,000 were incurred and staff bonuses are paid at the year-end
based on sales. Staff bonuses are expected to be around P3,000,000 for the year, based on
sales of P30,000,000. Total sales for the quarter ending March 31, 2018 were P7,000,000.
For the quarter ended March 31, 2018 how much advertising costs and staff bonuses should be included?
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