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selling expense
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∙ 15y ago
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Do you capitalize freight charges on equipment?
No. Freight charges are an expense item.
Is advertising a selling or Administrative expense?
Advertising is a selling expense
Why salary should be classified as a selling expense?
only salaries of employees engaged in selling can be classified as selling expense..salary of salesperson,saleslady,salesman,sales supervisor are the examples that fall under selling expense..it is classified as selling expense, simply because the expense occurred in selling department.
Is the abnormal spoilage loss considered an expense or a cogs?
Abnormal spolage is part of overhead expenses, as it is viewed as a cost of running the operation, rather than a direct cost. Note that normal spoilage (uncontrolable) is part of COGS
What is the difference between freight payable as per charter party with freight prepaid?
As to freight paid as per charter-party it generally mean that freight is payable at the rate mentioned in the charter-party. So the difference is that advance freight is the freight paid in advace and freight paid as per c/p is a phrase in B/L (bill of lading) referring to rate and way of payment of freight (i.e. to which bank, by money transfer or in cash, within how many working days, etc.)
Is freight out selling exp or cogs?
Selling expense or a part of SG&A
Is freight in a selling expense or cogs?
cost of goods sold... which is an expense.... when you see FOB freight in/out is and then is added to purchases later on to calculate COGS
Which account is not classified as a selling expense Freight-Out or Sales Salaries or Advertising Expense or Sales Discounts?
Which account is not classified as a selling expense?
Is Freight out Cost of goods sold or selling exp?
Freight out is typically classified as a selling expense. It includes the cost of shipping goods to customers and is directly related to the sales process. Cost of goods sold, on the other hand, includes the direct production costs of goods sold, such as materials, labor, and overhead expenses.
Commissions paid to salespersons are a variable selling expense?
Ask Ismail farhid
Depreciation expense of building is a administrative expense or a selling expense?
selling expense
Is cogs normal debit or credit account?
COGS is expense account and all expenses has debit balance as default normal balance so COGS also has debit balance.
Do you capitalize freight charges on equipment?
No. Freight charges are an expense item.
Is advertising a selling expense or an administrative expense?
selling
Is freight out and freight in included in cost og goods sold calc?
ASC 330, Inventory, states shipping costs (read: freight out) do not contribute to bringing inventories to their present condition and location and as such should not be included in inventory costs. Because freight out is not considered a product cost, not only would you not capitalize freight out into inventory on the balance sheet, but you would also not record this cost as a COGS item, but rather a sales expense (SG&A). On the other hand, freight in is a purchase cost as it gets inventory to its current location (ie your warehouse), so that cost should be capitalized as inventory on your balance sheet which will later be recognized as a COGS item when you sell the related inventory.
Is credit card fee expense a selling or administrative expense?
selling expense.
Is research and development a component of COGS or SG and A expense?
Research and development costs are typically considered an operating expense and are included in SG&A (Selling, General, and Administrative) expenses rather than cost of goods sold (COGS). This is because R&D expenses are incurred to create future benefits, such as new products or improved processes, rather than to directly produce goods for sale.
