Select the Appropriate Classification of the Items Listed Below

question 149

Multiple Choice

Select the appropriate classification of the items listed below.
-Salary of chief executive officer

• A)selling expense
• B)administrative expense
• C)direct materials
• D)direct labor
• E)overhead

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Definitions:

Typeset

The process of arranging text for printing, traditionally involving the selection and setting of typefaces and sizes.

Marginal Cost

The cost of producing one additional unit of a product or service, a crucial concept in economic analysis and decision-making.

Fixed Cost

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Patent

A legal right granted to an inventor or assignee to exclusively make, use, or sell an invention for a certain number of years.