USCPA 過去問 General expense/selling expense
单选题 : The following costs were incurred by GoldenCo., a manufacturer, during the current year:
Accounting and legal fees $25,000
Freight-in 175,000
Freight-out 160,000
Officers salaries 150,000
Insurance 85,000
Sales representatives salaries 215,000
What amount of these costs should be reported as general and administrative expenses for the current year?
a. $550,000
b. $260,000
c. $810,000
d. $635,000
Freight-in is part of cost of sales;
仕入れの際、倉庫に届くまでの費用は売上原価(or棚卸原価)
freight-out is a selling expense; and
倉庫から顧客に送り出すとき、費用は販管費
sales salaries are selling expenses.
セールス活動で発生する給与も販管費
Choice "B" is correct. General and administrative expenses include:
以下の三つ、会計/法務費用、事務員の給与、保険金はGeneral expenseとする。
Accounting and legal $ 25,000
Officers salaries 150,000
Insurance 85,000
Choice "a" is incorrect. Freight-in is part of cost of inventory; freight-out is a selling expense; and sales salaries are selling expenses.