Costs,such as the Marketing Manager's Salary and Product-Related Advertising and Promotion

question 60

Multiple Choice

Costs,such as the marketing manager's salary and product-related advertising and promotion expenses,are examples of:

• A)development costs.
• B)variable costs.
• C)direct fixed costs.
• D)overhead costs.

---

Definitions:

Trial Balance

A financial report that lists all the accounts with their balances at a specific date, used to verify the equality of debits and credits in the bookkeeping system.

Ledger Accounts

Individual records that summarize all the financial transactions regarding a specific aspect of a business's financial activity, such as sales, accounts payable, or owner's equity.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal, serving as a preliminary step to financial statement preparation.

Chart of Accounts

A systematic list of all account titles and numbers used by a company, organized to support the recording of transactions.