Nonmanufacturing Overhead (Practice Quiz)

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Author:
Harold Averkamp, CPA, MBA

For multiple-choice and true/false questions, simply press or click on what you think is the correct answer. For fill-in-the-blank questions, press or click on the blank space provided.

If you have difficulty answering the following questions, read our In-Depth Explanation for this topic.

Selling expenses should be allocated to the cost of goods sold for external financial reporting.

True

False

According to U.S. accounting principles, interest expense is an indirect product cost.

True

False

SG&A is the acronym for __________, __________ and __________ expenses.

SG&A expenses are considered to be _______________ costs.

Period

Product

Commissions expense is part of the cost of goods sold.

True

False

SG&A expenses can vary between products and between customers.

True

False

Activity based costing is recommended for the allocation of SG&A expenses in order to determine the ultimate profitability of a product or a customer.

True

False

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Nonmanufacturing Overhead (Practice Quiz)

Nonmanufacturing Overhead Outline

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Nonmanufacturing Overhead (Practice Quiz)

Nonmanufacturing Overhead Outline

About the Author

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