### Administrative and Selling Expenses AnalysisBelow are details of various expenses involved in business operations. This exercise requires calculating total administrative and selling expenses based on the provided data.#### Set 1**Expenses Included:**- Sales Salaries and Commissions: 1500- Depreciation of Building: 500- Office and Officers Salaries: 2000- Depreciation of Office Equipment: 450- Shipping Supplies: 500- Insurance Expenses: 800- Depreciation Sales Equipment: 300- Freight-In: 1000- Legal and Professional Services: 650- Interest Expenses: 300- Utilities Expenses: 1500**The Total Administrative Expenses are:**- A) 5400- B) 4400- C) 6900- D) 5900---#### Set 2**Expenses Included:**- Sales Salaries and Commissions: 1500- Depreciation of Building: 300- Office Salaries: 1200- Advertising Expenses: 500- Depreciation of Office Equipment: 150- Freight-Out: 1000- Insurance Expenses: 800- Depreciation Sales Equipment: 300- Freight-In: 500- Legal and Professional Services: 350- Interest Expenses: 300- Officers' Salaries: 200**The Total Administrative Expenses are:**- A) 3500- B) 4000- C) 3300- D) 3000**The Total Selling Expenses are:**- A) 3300- B) 2800- C) 3600- D) 3000---#### Set 3**Expenses Included:**- Sales Salaries and Commissions: 2500- Office Salaries: 1200- Advertising Expenses: 1000- Depreciation of Office Equipment: 150- Shipping Supplies: 500- Insurance Expenses: 800- Depreciation Sales Equipment: 300- Utilities Expenses: 1000- Delivery Expenses: 250- Interest Expenses: 300- Telephone and Internet Expenses: 800**The Total Selling Expenses are:**- A) 5350- B) 4550- C)

Administration expenses: Administration expenses are those expenses which are not directly related…

Sales Salaries and commissions 1500, Depreciation of Building 500, office and officeers Salaries 2000, Depreciation of office Equipment 450, Shipping Supplies 500, insurance Expenses 800; Depreciation sales Equipment 300, Freight-in 1000, legal and professional Services 650, interest Expenses 300, Utilities Expenses 1500. The Total Administrative Expenses is: A) 5400 B) 4400 C) 6900 D) 5900

Sales Salaries and commissions 1500, Depreciation of Building 500, office and officeers Salaries 2000, Depreciation of office Equipment 450, Shipping Supplies 500, insurance Expenses 800; Depreciation sales Equipment 300, Freight-in 1000, legal and professional Services 650, interest Expenses 300, Utilities Expenses 1500. The Total Administrative Expenses is: A) 5400 B) 4400 C) 6900 D) 5900

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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am. 514.
Assume that a manufacturing company incurred the following costs: $ 90,000 $ 40,000 $ 35,000 $ 15,000 $ 4,000 $ 5,000 $ 20,000 $ 1,000 $ 2,500 $ 105,000 $ 6,000 $ 7,000 Direct labor Advertising Factory supervision Sales commissions Depreciation, office equipment Indirect materials Depreciation, factory building Administrative office salaries Utilities, factory Direct materials Insurance, factory Property taxes, factory What is the total amount of conversion costs?
Compute for Net Loss/Income, Capital Ending, Current Assets, Non-current Assets, Current Liability, Non-current Liability
27,500 Prepaid rent 4, 000 Inventory 42, 500 Equipment 90, 000 Accumulated depreciation $ 27,000 Accounts payable 30,000 Salaries payable 0 Common stock 100,000 Retained earnings 25,000 Sales revenue 433,000 Cost of goods sold 259, 800 Salaries expense 86, 600 Rent expense 24,000 Depreciation expense 0 Utilities expense 17, 320 Advertising expense 5,770 Totals $ 615,000 $ 615,000 The following year - end adjusting entries are required: Depreciation expense for the year on the equipment is $9,000. Salaries at year - end should be accrued in the amount of $5,600. Required: 1. Prepare and complete a worksheet.Required: Prepare and complete a worksheet. WOLKSTEIN DRUG COMPANY Worksheet December 31, 2024
Hamlin Manufacturing co. has the following transactions:1) Raw Material purchased on cash $1450,000.2) Raw material purchased on account $20,000.3) Raw material requisitions & direct labor hours.4) FOH applied $9 per direct labor hour; direct labor cost $6 per direct labor hour.5) Depreciation of office premises $3,000 and for factory machinery$5,000.6) FOH Incurred $900 per job.7) Job# 1A, 2B, &4D were completed.8) Job #2B, 4D were sold on account $ 19, 000 & $25,000 respectively. Required: Prepare Journal Entries and T- Account of Work in Process (WIP) and Factory Overhead (FOH)
Sales = $1,000; Cost of Goods Sold = $500; Depreciation Expense = $100; Administrative Expenses = $100; Interest Expense = $20; Marketing Expenses = $80; and Taxes = $100. The Co's operating income (EBIT) is equal to A) $500. B) $400. C) $310. D) $220.
mn.4
Make the single step statement of the following. Sales 417,500 Cost of goods sold 210,000 Salaries expense 38,000 Depreciation expense- building 40,000 Advertising expense 12,300 Office supplies Expense 3,500 Gains on disposal of store Equipment 3,000 Interest expense 1,000
Q.4. The following data were taken from the records of Al Nada Manufacturing Company for the year ended December 2020. (Amounts are given in OMR) 15,000 4,600 27,600 8,650 554,000 4,200 96,400 1,400 29,000 159,250 25,460 9,600 Factory Depreciation Factory Insurance Factory Utilities Office Utilities Net Sales Salesman's Salary Raw Materials Used Office Repairs Office Manager's Salary Direct Labor Indirect Labor Office Property Taxes Work in process inventory was OMR 18,900 at January 1 and OMR 18,600 at December 31. Finished goods inventory was OMR 95,900 on January 1 and OMR 96,000 on December 31. Instructions: (i) Compute the cost of goods sold. (ii) What is the difference between a merchandiser's balance sheet and a manufacturer's balance sheet.
Required information Sunrise Accounting provides basic tax services and "rent-a-controller" accounting services. Sunrise has identified three activity pools, the related costs per pool, the cost driver for each pool, and the expected use for each pool. Activity Transportation costs Electronic processing office support Activity Transportation costs Electronic processing Office support Total overhead assigned Total Activity Cost Cost Driver $50,000 Mileage $ 75,000 Processing hours $ 20,000 Administrative hours. Required: Barry Gold, a tax client of Sunrise Accounting, requires 20 miles of transportation, 50 hours of processing time, and 3 hours of office support, determine the amount of overhead assigned to Barry Gold. Note: Round your intermediate calculations to 2 decimal places and your final answers to the nearest dollar amount. Allocated Overhead $ Expected Tax Services Usage 5,000 miles 20,000 hours 3,500 hours Expected Controller Services Usage 35,000 miles 30,000 hours 1,500…
B. The following information is extracted from Jat Sdn Bhd’s records; Depreciation of buildings usd45,000 Store Rental usd30,000 Value of buildings 450,000 Jat has two (2) production departments, Department A and Department B. The following related information is also provided by Jat: Department A Department B Floor area (square meters) 8000 11000 Number of employees 56 53 You are required to calculate the apportionment of the overhead cost of depreciation of buildings based on floor area for: i) Department A ii) department B
Indirect materials used Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Delivery service (product) costs $ Period costs $6,940 LA 12,040 5,400 980 12,960 2,320 Drivers' salaries Advertising Delivery equipment repairs Office supplies Determine the total amount of (a) delivery service (product) costs and (b) period costs. Office utilities Repairs on office equipment $17,280 5,080 324 702 1,080 206