1. SECTION
13-6
Travel Expenses pp

2. Key Words to Know travel expenses (p. 440)
Expenses required to travel for a business, for which the business will usually pay.

3. Formula Total Travel = Cost of + Cost of + Cost of + Additional
Expenses Transportation Lodging Meals Costs

4. Example 1
The accounting department for Diversified Sales Company will reimburse Roger Martin for attending a 3-day marketing conference. He drove to the conference, so Diversified will pay him $0.35 per mile. Martin’s expenses included the following:

5. Example 1 (cont.)
What is the total cost of sending Martin to the conference?

6. Example 1 Answer: Step 1 Find the cost of transportation.
(240 × $0.35) + $7.20
$ $7.20 = $91.20

7. Example 1 Answer: Step 2 Find the cost of lodging.
2 × $ = $349.00

8. Example 1 Answer: Step 3 Find the cost of meals.
$ $ $19.37 = $96.69

9. Example 1 Answer: Step 4 Find the additional costs.
Conference registration = $95.00

10. Example 1 Answer: Step 5 Find the total travel costs.
Cost of Cost of + Cost of + Additional
Transportation Lodging Meals Costs
$ $ $ $95.00 = $631.89

11. 441:1-12