Select the appropriate classification for each of the costs incurred by a manufacturer of automobiles.
-general accounting costs
A)direct materials
B)direct labor
C)overhead
D)selling expense
E)administrative expense

Question

Quizplus · Accepted Answer

General accounting costs are considered administrative expenses as they relate to the overall management and administration of the business rather than production or sales.

Select the Appropriate Classification for Each of the Costs Incurred