The salary paid to the president of a company would be classified on the income statement as a(n):Multiple Choicedirect labor cost.O selling expense.administrative expense.manufacturing overhead cost.

Income statement is prepared at the end of accounting period. It includes all income and expenses…

The salary paid to the president of a company would be classified on the income statement as a(n): Multiple Choice O direct labor cost. selling expense. administrative expense. manufacturing overhead cost.

The salary paid to the president of a company would be classified on the income statement as a(n): Multiple Choice O direct labor cost. selling expense. administrative expense. manufacturing overhead cost.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter9: Cost Accounting For Service Businesses, The Balanced Scorecard, And Quality Costs

Section: Chapter Questions

Problem 5Q: What factors would you consider in deciding whether to use direct labor dollars or direct labor...

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The salary paid to the president of a company would be classified on the income statement as a(n):
Multiple Choice
direct labor cost.
O selling expense.
administrative expense.
manufacturing overhead cost.

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