BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Nonmanufacturing overhead costs include selling, general and administrative costs, as well as financing costs. Nonmanufacturing overhead costs support critical parts of a business, such as its sales and marketing activities, and so should not be considered discretionary costs.

Detailed explanation-2: -Nonmanufacturing costs consist of selling expenses, including marketing and commission expenses and sales salaries and administration expenses, such as office salaries, depreciation and supplies.

Detailed explanation-3: -Nonmanufacturing Costs. Costs that are not related to the production of goods are called nonmanufacturing costs; they are also referred to as period costs. These costs have two components-selling costs and general and administrative costs-which are described next.

Detailed explanation-4: -Non-production assets are those which are not involved in the production of goods and services. As such, non-production assets generally include cash, short-term investments, receivables, prepayments and other assets.

Detailed explanation-5: -Nonmanufacturing or Period Costs Period costs, generally divided into Selling Costs and Administrative Costs, consist of all other costs not included in product costs.