Asked by
Thalisiê Del Claro
on Nov 13, 2024
Verified
Insurance expired on administrative facilities
A) Direct costs
B) Indirect costs
C) Neither direct nor indirect costs
Insurance Expired
The portion of an insurance premium that has been used up during the policy term, representing a cost for the period.
Administrative Facilities
Facilities utilized for administrative purposes, including offices, meeting rooms, and support areas that help in the management and operation of an organization.
Indirect Costs
Costs not directly tied to a specific product, project, or activity, such as utilities, rent, and administrative expenses that support the overall operation.
- Develop an understanding for the categorization of expenses into direct or indirect costs.
- Classify costs as selling and administrative expenses or factory overhead.
Verified Answer
RJ
Learning Objectives
- Develop an understanding for the categorization of expenses into direct or indirect costs.
- Classify costs as selling and administrative expenses or factory overhead.