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Is utilities charges most likely to be considered a fixed expense in your overhead cost?
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In estimating the profitability of a catering business blank is most likely to be considered a fixed expense in your overhead cost?
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
Is utilities asset or expense?
Expense
Restructuring charges be classified as an operating expense or as a nonoperating expense?
Should restructuring charges be classified as an operating expense or as a nonoperating expense?
Should utilities run through COGS?
If the question is "Should utilities such as power and phone be accounted for through Cost of Goods Sold?" the answer is no. Utilities are an expense.
Do you list property tax as factory overhead?
No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account
In estimating the profitability of a catering business is most likely to be considered a fixed expense in your overhead costs.?
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
In estimating the profitability of a catering business blank is most likely to be considered a fixed expense in your overhead cost?
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
Is utilities asset or expense?
Expense
Which of these is an example of a variable expense?
Utilities
What is the definition of overhead?
operating expense: the expense of maintaining property (e.g., paying property taxes and utilities and insurance); it does not include depreciation or the cost of financing or income taxeswordnet.princeton.edu/perl/webwnOverhead is the costs which are necessary for the continuity of a business, for example rent expense, electricity bill, and water bill and others.
Restructuring charges be classified as an operating expense or as a nonoperating expense?
Should restructuring charges be classified as an operating expense or as a nonoperating expense?
Is mortgage included in common area maintenance?
The mortgage is not included in the Common Area Maintenance. Common Area Maintenance (CAM) expense is considered the expense for taxes, insurance and maintenance and operation of the Common Areas of a property including but not limited to, shared utilities, community lighting, parking lot repairs, landscaping, etc. A mortgage is not considered an operations expense. Leases will usually specify what constitutes CAM charges reimbursable by the tenant (lessee) to the owner (lessor).
Is telephone utilities?
Telephone Expense could be included under Utilities Expense for Financial Statement purposes. However, both telephone and gas/electric are usually substantial enough to warrant their own accounts, along with Other Utilities (water, sewer, etc) - the three accounts being combined as Utilities Expense on the Income Statement.
What is the Journal Entry if a company paid cash for this months utilities?
Debit Utilities expense Credit Cash
Difference between operating expense and direct expense?
Operating expense is the cost of running your day-to-day business. Operating expenses include rent, utilities, supplies, and insurance. Direct expense is an expense that varies with changes in the cost object. Direct expenses include materials needed to manufacture a product, freight charges to transport product, and taxes related to the sale of goods.
What is premium expense charges?
exspense charges that are premium.
Should utilities run through COGS?
If the question is "Should utilities such as power and phone be accounted for through Cost of Goods Sold?" the answer is no. Utilities are an expense.
