Operating expenses are divided into manufacturing expenses and selling expenses on the income statement.

Name: Operating expenses are divided into manufacturing expenses and selling expenses on the income statement.
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Question

Quizplus · Accepted Answer

Operating expenses on the income statement are typically divided into selling, general, and administrative expenses (SG&A), not manufacturing expenses. Manufacturing expenses are usually included in the cost of goods sold (COGS).

Operating Expenses Are Divided into Manufacturing Expenses and Selling Expenses