Audit fess is a part of__________.
Correct answer: A. administration overhead
- A. administration overhead
- B. selling overhead.
- C. distribution overhead.
- D. works on cost.
Explanation
Audit fees relate to the general administration and financial control of the business rather than production, selling or delivery. They are therefore classified as administration overhead.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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