When Freight-In Is a Relatively Small Amount,most Companies Include the Cost

question 116

Multiple Choice

When freight-in is a relatively small amount,most companies include the cost in

• A)operating expenses.
• B)cost of goods sold.
• C)administrative expenses.
• D)merchandise inventory.

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Definitions:

Staffing Budget

A staffing budget outlines the financial resources allocated for hiring and compensating employees within a specific time period.

Nonmanufacturing Businesses

Companies that do not produce physical goods, focusing instead on services, retail, distribution, and other non-manufacturing activities.

Operating Expenses Budget

A financial plan detailing the forecasted expenses required to manage and administer a business outside of direct production costs.

Supplemental Schedules

Additional financial documents provided alongside the main financial statements, offering greater detail or breakdown of information.