Which of the Following Would Not Be Found on an Income

question 180

Multiple Choice

Which of the following would not be found on an income statement of a service organization?

• A) selling expenses
• B) cost of goods sold
• C) operating income
• D) sales revenue

---

Definitions:

Machine-Hours

The total operating time of machinery used in the production process, expressed in hours, as a basis for allocating manufacturing overhead costs.

Forming

The process of shaping material into desired shapes by applying physical force or through the use of machinery.

Customizing

refers to tailoring products or services to meet specific customer needs or preferences.

Manufacturing Overhead

The expenses linked to manufacturing not including direct labor and materials.