Which of the following is NOT a selling overhead?
A. Insurance to cover sold goods while in transit
B. Royalty on sales
C. Legal cost on debt realization
D. Distribution of samples
Answer: Option C
Solution(By Examveda Team)
Legal cost on debt realization is not a selling overhead. Selling expenses are those expenses which are incurred to promote sales and service to customers.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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