Hill Connect X tml 6 Help Save & Exit Sub Check my work A review of the accounti

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Hill Connect X tml 6 Help Save & Exit Sub Check my work A review 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 1. Salary of the company president-$75,000 2. Salary of the vice president of manufacturing-$50,000 3. Salary of the chief financial officer-$42,000. 4. Salary of the vice president of marketing-$40,000 5. Salaries of middle managers (department heads, production supervisors) in menufecturing plant-$147000 6. Wages of production workers-$703,500 7. Salaries of administrative secretaries-$60,000 8. Salaries of engineers and other personnel responsible for maintalning production equipment-$133,500 9. Commissions paid to sales staff- $146.000 Required a. What amount of payroll cost would be classified as SG&A; expense? b. 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 thet would be included in cost of goods sold (Do not round intermediate calculations.)

Explanation / Answer

**cost related to production is included is cost of goods sold.

S G & A cost of good sold salary of company president 75000 salary of vice president -manufacturing 50000 salary of CFO 42000 salary of vice president -Marketing 40000 salary of middle managers 147000 wages of production workers 703500 salaries of administrative secretaries 60000 salaries of engineers and other personnel 133500 commission to sales staff 146000 Total 363000 1034000

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