Meyer Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2008, included the following expense accounts:
One-half of the rented premises is occupied by the sales department
-How much of the expenses listed above should be included in Meyer's selling expenses for 2008?
A) $230,000
B) $305,000
C) $320,000
D) $395,000

Question

Meyer Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2008, included the following expense accounts:
  One-half of the rented premises is occupied by the sales department
-How much of the expenses listed above should be included in Meyer's selling expenses for 2008?
A) $230,000 
B) $305,000 
C) $320,000 
D) $395,000

Quizplus · Accepted Answer

$120,000 + $75,000 + $110,000 + $90,000 = $395,000