Areview of the accounting records of baird manufacturing indicated that the company incurred the following payroll costs during the month of march. assume the company's financial statements are prepared in accordance with gaap.
salary of the company presidentâ$75,000.
salary of the vice president of manufacturingâ$50,000.
salary of the chief financial officerâ$42,000.
salary of the vice president of marketingâ$40,000.
salaries of middle managers (department heads, production supervisors) in manufacturing plantâ$147,000.
wages of production workersâ$703,500.
salaries of administrative secretariesâ$60,000.
salaries of engineers and other personnel responsible for maintaining production equipmentâ$133,500.
commissions paid to sales staffâ$146,000.
required
what amount of payroll cost would be classified as sg& a expense?
assuming that baird made 5,000 units of product and sold 4,000 of them during the month of march, determine the amount of payroll cost that would be included in cost of goods sold.
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