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The following costs were incurred by Griff Co., a manufacturer, during 1992:
What amount of these costs should be reported as general and administrative expenses for 1992?
Suggested Answer: A
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Choice 'a' is correct. $260,000.
General and administrative
'Freight-in' is part of 'cost of goods sold.'
'Freight-out' is a 'selling' expense.
Sales representative salaries is a selling expense.
10 comments · newest first
DO
Dominga
11 months ago
General and administrative expenses usually include salaries and office supplies.
CH
Chantay
12 months ago
I calculated $635,000, but I might be missing something.
IZ
Izetta
12 months ago
Wait, are we sure about that? Seems high for admin costs.
VE
Vernice
12 months ago
Totally agree, $550,000 makes the most sense!
MA
Matilda
1 year ago
I think it should be $550,000 based on the breakdown.
SO
Sommer
1 year ago
I'm not totally sure about this one. The wording is a bit confusing. I'll make my best guess, but I might need to come back to it if I have time at the end.
MI
Miesha
1 year ago
This seems like a straightforward question about corporate governance and information security integration. I'll carefully review the options and think about which one best indicates that security is a priority at the executive level.
BE
Bea
1 year ago
This looks like a straightforward earned value management question. I'll need to calculate the schedule variance based on the information provided.
GR
Gracia
1 year ago
Okay, I've got this. Planning quality is about defining standards, while quality assurance is the process of ensuring those standards are met. That's the one that fits the description.
RA
Ranee
1 year ago
Hmm, I'm not too familiar with Power Query. I might try exporting the data to Excel first and then using a formula to combine the columns there.