Practice Quiz

CLEP Accounting

Category - Accounting

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A marketing expense and an overhead expense are both part of the:
  1. Direct expenses
  2. Operating expenses
  3. Indirect expenses
  4. Total expenses
  5. General expenses
Explanation
Answer - D - The marketing expense (a direct or selling expense) and an overhead expense (an indirect expense) are both part of the total expenses for the company.

Key Takeaway: Total expenses for a business include both direct and indirect expenses. Different verbiage can be used, such as selling expenses for direct expenses, and overhead costs for indirect expenses.
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