ECONOMICS

COST ACCOUNTING

INTRODUCTION TO COST ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much is the selling and administration cost for Client 457?
A
RM 980.00
B
RM 970.00
C
RM 950.00
D
RM 990.00
Explanation: 

Detailed explanation-1: -All executive compensation and benefits are considered an administrative expense. Building leases, insurance, subscriptions, utilities, and office supplies may be classified as a general expense or administrative expense.

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: -How to calculate G&A expenses as a percentage of revenue? It is calculated by dividing General & Administrative expenses by total revenue earned by the company.

There is 1 question to complete.