A firm has to pay a 20c per unit royalty to the inventor of a device which it manufactures and sells.How would the royalty charge be classified in the firm's accounts?
A: Selling expense
B: Direct expense
C: Production overhead
D: Administrative overhead
A: Selling expense
B: Direct expense
C: Production overhead
D: Administrative overhead
举一反三
- A firm has to pay a $0.50 per unit royalty to the inventor of a device which it manufactures and sells. How would the royalty charge be classified in the firm’s accounts?
- 中国大学MOOC: Operating budget for a manufacturer consists of sales budget, ending inventory budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget as well as selling and administrative expense budget
- A manufacturing firm is very busy and overtime is being worked.The amount of overtime premium contained in direct wages would normally be classed as:? factory overhead|direct labour costs|administrative overheads|part of prime cost
- Which of the following is NOT an operating expense? A: Interest expense B: Depreciation and amortization C: Selling, general and administrative expenses D: Research and development
- In a transaction with CIF price, what are the expenses the seller should cover? A: Overhead Expense & Lump sum charge B: Ocean Freight C: Insurance Premium D: Banking Charge