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What else can I help you with?
Are salespersons commissions a product cost or period cost?
The commission for salespersons is under the period cost. The period cost covers the administrative and selling costs like salaries, commissions, shipping cost, and the cost for research and development.
Depreciation expense of building is a administrative expense or a selling expense?
selling expense
Is freight out a selling expense or cogs?
selling expense
Is advertising a selling expense or an administrative expense?
selling
Is credit card fee expense a selling or administrative expense?
selling expense.
Is advertising a selling or Administrative expense?
Advertising is a selling expense
Is commission a selling or administrative expense?
If commission is paid on selling the product then it is selling expense .
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.
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 an office expense a selling expense?
yes
Is shipping expense selling expense?
yes
Where is the classification of Sales Commissions Earned?
Sales commissions earned are typically classified as an expense on the income statement. They are recognized as selling expenses, reflecting the costs incurred to generate revenue. This classification aligns with the matching principle, as commissions are incurred in the process of earning sales revenue. Depending on the accounting practices, they may be recorded as accrued liabilities if not yet paid.
