Use the following information for the next two questions: The records of Afternoon Sun Co. show the following information: Interest expense ₱24,000 Cost of inventories sold 600,000 Insurance expense 100,000 Advertising expense 20,000 Freight-out 10,000 Freight-in 4,000 Loss on sale of equipment 2,000 Legal and other professional fees 12,000 Rent expense (one-half occupied by sales department 8,000 Sales commission expense 14,000 Doubtful accounts expense 16,000 a. How much is the total distribution (selling) costs? b. How much is the total administrative expenses?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following information for the next two questions:
The records of Afternoon Sun Co. show the following information:

Interest expense ₱24,000
Cost of inventories sold 600,000
Insurance expense 100,000
Advertising expense 20,000
Freight-out 10,000
Freight-in 4,000
Loss on sale of equipment 2,000
Legal and other professional fees 12,000
Rent expense (one-half occupied by sales department 8,000
Sales commission expense 14,000
Doubtful accounts expense 16,000

a. How much is the total distribution (selling) costs?

b. How much is the total administrative expenses?

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