Most of the percentages in a common size budget are determined by dividing the line item dollars
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Question:
- Most of the percentages in a common size budget are determined by dividing the line item dollars by total sales dollars. Which expenses are the exceptions to this rule, and how are their percentages calculated?
- What kind of expenses might be categorized under “direct operating expenses?” give at least 5 examples.
- List three expenses that might be categorized as “general and administrative”
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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