Which of the following expenses relate to the profit and ...
Which of the following expenses relate to the profit and loss account of a manufacturing firm?
Administrative overhead
Direct labour
Direct materials
Work-in-progress
Correct answer is A
Administrative overhead is those costs not involved in the development or production of goods or services. This is essentially all overhead that is not included in manufacturing overhead. Examples of administrative overhead costs are the costs of: Front office and sales salaries, wages, and commissions. Office supplies.
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Which of the following errors will affect the agreement of the trial balance? ...