The executive salaries, rent and other general administration cost in corporate costs are classified under ___________?
Correct answer: B. corporate administration costs
- A. human resource management costs
- B. corporate administration costs
- C. treasury costs
- D. discretionary costs
Explanation
Corporate administration costs include organisation-wide general management expenses such as executive salaries, rent, and general administrative costs. Treasury and human-resource costs are separate corporate functions.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
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.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
The difference between static budget amount and the flexible budget amount is named as ___________?
In customer cost hierarchy, the costs of all activities incurred to sell group of units to end consumers are classified as _____________?
If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be ____________?
The difference between corresponding static budget and flexible budget amount is called __________?
In customer cost hierarchy, the cost of activities related to specific channel of distribution is classified as
The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as ____________?