Selling expenses can include: Distribution costs such as logistics, shipping and insurance costs. Marketing costs such as advertising, website maintenance and spending on social media. Selling costs such as wages, commissions and out-of-pocket expenses.
Which of the following is a selling expense quizlet?
Examples of selling costs include sales commissions, advertising, shipping, and the costs of operating finished goods warehouses.
Which is not a selling expense?
Non-selling expense refer to the direct expenses like freight, insurance etc. On the contrary, selling expenses are indirect expenses like rent, advertising, etc.
Is cost of goods sold a selling expense?
The cost of goods sold is considered to be linked to sales under the matching principle. Thus, once you recognize revenues when a sale occurs, you must recognize the cost of goods sold at the same time, as the primary offsetting expense. This means that the cost of goods sold is an expense.