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Where are selling and administrative expenses found on the multi-step income statement?
Wiki User
∙ 11y ago
after gross profit
Wiki User
∙ 11y ago
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Are utility expenses a selling or administrative expense?
an Administrative expense
Is preliminary expenses is a administrative expenses or selling expenses?
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
Is insurance an administrative expense or selling expense?
Insurance is an administrative expense as administration is authorized to do all these kind of expenses.
What is meant by selling expenses?
Selling Expenses are the expenses directly related to producing sales. Typical Selling Expenses would be Advertising and Salesman's Commissions.
Where are selling and administrative expenses found on the multiple-step income statement?
Selling and administration expenses are found under income statement after gross profit section and for the calculation of net profit
Is store supplies expense a selling or general and administrative expense?
It is a selling expense to be accounted for on the Income Statement under Selling Expenses.
Does rent expense go under selling or general and administrative expenses?
administrative expenses;
Are utility expenses a selling or administrative expense?
an Administrative expense
Is preliminary expenses is a administrative expenses or selling expenses?
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
Are miscellaneous expenses an administrative expense or a selling expense?
Administrative one.
Is professional fee expense an administrative expense or a selling expense?
Expenses which are incurred for the selling of product is called Selling Expenses while expenses incurred on administration of general day to day tasks are called administration expenses
Is accounting fees a selling administrative expense?
Sales salaries and commission expenses, if paid for selling the products then it is selling expenses, while if salaries or commission is paid for administration work then it would be classified as administration expense like salary of operation manager etc.
Is insurance an administrative expense or selling expense?
Insurance is an administrative expense as administration is authorized to do all these kind of expenses.
Are telephone expenses an administrative expense or a selling expense?
I would classify them as administrative unless the cost of the line is directly related to sales such as the phones in a busy order dept, an outside sales rep's cell phone, or the lines in a telemarketing boiler room.
What does the contribution income statement hightlights?
Contribution income statement highlights the variable expenses as well fixed expenses incurred by company for selling goods or services.
Are selling and administrative expenses treated as product costs or period costs under variable costing?
Period Costs.
