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Yes repair and maintenance expenses are part o administration expensive because administration is responsible for take care of and maintenance of all assets in business and administration department has the authority over these repairs and maintenance expenses that's why it is part of Admin expenses.
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Is electricity an admin expense?
Electricity is typically classified as an operating expense rather than an administrative expense. Operating expenses include costs necessary for the day-to-day functioning of a business, such as utilities. Administrative expenses, on the other hand, are related to the general management and support functions of a company, like salaries for administrative staff and office supplies. Therefore, while electricity is a necessary expense, it does not fall under the administrative category.
Is an Administrative fee a common area maintenance cost?
An administrative fee is typically not classified as a common area maintenance cost. Common area maintenance (CAM) costs generally cover expenses related to the upkeep and management of shared spaces, such as landscaping, cleaning, and repairs. Administrative fees, on the other hand, often pertain to the costs associated with managing the property or overseeing the operations, which are separate from direct maintenance expenses. However, these fees may be included in overall property management costs, depending on the lease agreements.
What type of account is fuel expense?
Fuel expense is classified as an operating expense on the income statement. It represents the costs incurred for fuel used in the operations of a business, such as transportation or machinery. This expense is crucial for understanding the overall operational costs and profitability of a company. It typically falls under the broader category of selling, general, and administrative expenses (SG&A).
What has the author Dean L Morgan written?
Dean L. Morgan has written: 'Nationwide costs of highway maintenance and operations' -- subject(s): Costs, Maintenance and repair, Roads
What are costs that are associated with the operation of manufacturing but are not direct labor or direct materials?
Facilities Expenses - Rent, Utilities, Maintenance, InsuranceEquipment Expenses - Maintenance and Repair, DepreciationSelling Expenses such as AdvertisingOperating Expenses such as Telephone, Office Expense and Indirect LaborCosts that add no value to product such as Shipping, Warehousing, and Quality Control
Is a car payment a variable expense or liability?
A car is a variable expense having the following properties: Car payment ( fixed Expense) Maintenance and usage costs (variable) So in total it is a variable expense. A car payment is considered a liability.
What are the hidden costs of starting a company?
Some of the hidden costs of starting a company include: industry association fees, permit fees, legal fees, administrative costs, and repairs and maintenance.
Is Equipment a Administrative Expense?
No, equipment is not considered an administrative expense. Instead, it is classified as a capital asset on the balance sheet and is typically subject to depreciation over its useful life. Administrative expenses generally include costs related to the general operation of a business, such as salaries, office supplies, and utilities, rather than the purchase of physical equipment.
Is salary an administrative expense?
"If selling personnals have received the salary then it is selling expense but generally it is considered as administration expense." Nonprofits are often concerned with distinguishing between program (direct) and administrative (indirect) expense. In general, salaries of program staff are considered a direct expense of that program. Salaries for administrative staff who don't have direct service functions are considered indirect. Some administrative staff may also do direct service and in that case, their salaries may be divided based on the proportion of direct and indirect work they complete.
How does the expense ratio work in determining the overall cost of investing in a mutual fund or ETF?
The expense ratio is a percentage that represents the annual cost of owning a mutual fund or ETF. It includes fees for managing the fund, administrative costs, and other expenses. A lower expense ratio means lower costs for investors, which can lead to higher returns over time.
What is preventive maintenance of buildings?
Preventative maintenance of buildings includes numerous services related to HVAC maintenance, floor maintenance, roof repair, irrigation maintenance, plumbing repair and more. These services allow you to save money on some more expensive costs down the road. If you pursue preventative and regularly should last longer.
What is the nature of costs in the airline industry?
Costs in the airline industry include equipment, maintenance, fuel, rent and personnel. An often overlooked expense is the cost of using airports. The airlines pass this amount on with ticket prices.
