. If General Expenditures increases: (a) Total Manufacturing Costs will increase. (b) Cost of Goods Manufactured...
. If General Expenditures increases:
(a) Total Manufacturing Costs will increase.
(b) Cost of Goods Manufactured will increase.
(c) Cost of Goods Sold will increase.
(d) Earnings will decrease.
Homework Answers
If General Expenditures increase, Earnings will decrease..
Correct option is (d)
General expenditures are not included while calculating either total Manufacturing Costs or Cost of Goods Manufactured or Cost of Goods Sold. Thus, there will be no effect of increase in general expenditures on total Manufacturing Costs or Cost of Goods Manufactured or Cost of Goods Sold.
While calculating net income (earnings) of the business, general expenditures are subtracted from the amount of sales. Thus, when General Expenditures increase, earnings will decrease.
Kindly comment if you need further assistance. Thanks
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