Short-term expenses used to support current production and selling expenses are known as which of the following?
A) operating expenses
B) managerial expenses
C) administrative expenses
D) general expenses

Question

Quizplus · Accepted Answer

Operating expenses are the expenses that are incurred in the normal course of business operations, such as the costs of raw materials, rent, utilities, wages, and salaries, and are used to support current production and selling expenses. Managerial expenses, administrative expenses, and general expenses are not specific to current production and selling expenses.

Short-Term Expenses Used to Support Current Production and Selling Expenses