ECONOMICS

Detailed explanation-1: -Administrative expenses are costs that relate to regular business operations. Administrative expenses can be fixed or semi-variable. Common examples include rent, utilities, equipment, supplies, insurance policies, salaries, benefits and legal counsel.

Detailed explanation-2: -Share. Administration expenses are the costs of paying wages and salaries and providing benefits to non-sales personnel. They are one of three kinds of expense that make up a company’s operating expenses. The others are selling and general expenses.

Detailed explanation-3: -What are Administrative Expenses? Administrative expenses refer to the costs incurred by a company or organization that include, but are not limited to, the salaries and benefits of the administrative workers within the company or organization, as well as rent and managerial compensation.