Which of the following is NOT typically included in a cost sheet?
Practice Questions
1 question
Q1
Which of the following is NOT typically included in a cost sheet?
Direct materials cost
Direct labor cost
Selling and administrative expenses
Manufacturing overhead
Selling and administrative expenses are not included in the cost sheet, which focuses on production costs.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following is NOT typically included in a cost sheet?
Solution: Selling and administrative expenses are not included in the cost sheet, which focuses on production costs.
Steps: 5
Step 1: Understand what a cost sheet is. A cost sheet is a document that outlines the costs associated with producing a product.
Step 2: Identify the types of costs typically included in a cost sheet. These usually include direct materials, direct labor, and manufacturing overhead.
Step 3: Recognize what selling and administrative expenses are. These are costs related to selling the product and managing the business, not directly tied to production.
Step 4: Compare the costs included in a cost sheet with selling and administrative expenses. Selling and administrative expenses are not part of production costs.
Step 5: Conclude that selling and administrative expenses are NOT typically included in a cost sheet.
