Indicate whether each of the following costs should be classified as a product cost or as an sg& a cost in accordance with gaap: direct materials used in a manufacturing company. indirect materials used in a manufacturing company. salaries of employees working in the accounting department. commissions paid to sales staff. interest on the mortgage for the company’s corporate headquarters. indirect labor used to manufacture inventory. attorney’s fees paid to protect the company from frivolous lawsuits. research and development costs incurred to create new drugs for a pharmaceutical company. the cost of secretarial supplies used in a doctor’s office. depreciation on the office furniture of the company president.

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)