Which of the Following Would Not Appear on the Selling

question 170

Multiple Choice

Which of the following would not appear on the selling and administrative budget of O'dell Company?

• A) Rent Expense
• B) Depreciation Expense
• C) Salaries Expense
• D) Indirect Labor

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Definitions:

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Gross Profit

The difference between the revenue generated from selling goods or services and the cost of those goods sold, excluding other operating expenses.

Cost Of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor, used in calculating gross profit.

Selling Expenses

Costs incurred directly and indirectly in making sales, including advertising, commissions, and shipping expenses.