the salary paid to the president of a company would be classified on the income statement as a/an selling…

the salary paid to the president of a company would be classified on the income statement as a/an selling expense. direct labor cost. manufacturing overhead cost. administrative expense.

the salary paid to the president of a company would be classified on the income statement as a/an selling expense. direct labor cost. manufacturing overhead cost. administrative expense.

Answer

Brief Explanations:

  • Selling expense: Related to sales - focused activities, not the president's salary.
  • Direct labor cost: Associated with workers directly involved in production.
  • Manufacturing overhead cost: Indirect production - related costs.
  • Administrative expense: Costs for general management and administration of the company. The president's salary is for overall company management, so it is an administrative expense.

Answer:

administrative expense.