WebMar 2, 2024 · Apportionment of Administrative Overheads There are three methods used to apportion administrative overheads: Apportionment to manufacturing and selling divisions Transfer to costing profit and loss account Addition as a separate item of cost 1. Apportionment to Manufacturing and Selling Divisions WebMar 23, 2024 · Steps in the process to record and pay expenses include setting up a new vendor in your accounting software, creating and approving a purchase request, creating and approving a purchase order, approving the invoice, paying for the item, managing any returns or adjustments, calculating taxes due and generating AP and other needed reports.
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WebIs depreciation expense an administrative expense? What is meant by the full cost of a product? How do you compute a selling price if you know the cost and the required gross … WebExpert Answer. The company's variable selling and administrative expense per unit is $250. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $35,000 per quarter and depreciation of $20,000 per quarter In addition, the company will make insurance payments of $5.000 in the first ... metro foods leigh on sea
3.6 Operating expenses - PwC
WebThe first two are hired April 1 and one more on July 1, so gross sales salaries would be (7 * $50,000) + (2* $50,000 * ¾) + ($50,000 * ½) = $450,000. Similarly, if the CEO makes $500,000, and the CFO makes $300,000, and they have three support staff each making $50,000, total general and administrative salaries would be $950,000. WebJan 6, 2024 · Administrative expenses refer to the costs incurred by a company or organization that include, but are not limited to, the salaries and benefitsof the … WebA. selling and administrative expense budget and the prior balance sheet Your answer is correct.B. cash payments for selling and administrative expense budget C. cash budget … metro foods olive branch ms