Which of the following costs would appear on the income statements for both a merchandiser and manufacturer?
A)Cost of goods manufactured
B)Direct labor incurred
C)Direct materials used
D)Operating expenses

Question

Quizplus · Accepted Answer

Both merchandisers and manufacturers will have operating expenses, such as rent, salaries, utilities, etc., which will appear on their income statements. Choices A, B, and C are specific to manufacturers only.

Which of the Following Costs Would Appear on the Income