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AICPA CPA-Financial Exam - Topic 2 Question 36 Discussion

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?
A) $260,000
B) $550,000
C) $635,000
D) $810,000

AICPA CPA-Financial Exam - Topic 2 Question 36 Discussion

Actual exam question for AICPA's CPA-Financial exam
Question #: 36
Topic #: 2
[All CPA-Financial Questions]

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?

Show Suggested Answer Hide Answer
Suggested Answer: A

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.


by Glenna at May 08, 2022, 08:01 PM

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Dominga
8 months ago
General and administrative expenses usually include salaries and office supplies.
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Chantay
9 months ago
I calculated $635,000, but I might be missing something.
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Izetta
9 months ago
Wait, are we sure about that? Seems high for admin costs.
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Vernice
9 months ago
Totally agree, $550,000 makes the most sense!
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Matilda
9 months ago
I think it should be $550,000 based on the breakdown.
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Sommer
9 months 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.
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Miesha
9 months 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.
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Bea
9 months ago
This looks like a straightforward earned value management question. I'll need to calculate the schedule variance based on the information provided.
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Gracia
9 months 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.
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Ranee
10 months 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.
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