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Active Feet, a small manufacturer of shoes, hired an additional vice-president and purchased a barrel of synthetic rubber used to make shoe soles. These two expenses should be considered a(n) ____ and a(n) ____, respectively.a.selling cost/cost of goods soldb.overhead cost/cost of goods soldc. selling cost/overhead costd. overhead cost/selling cost

User PhilMacKay
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Answer:

B) overhead cost/cost of goods sold

Step-by-step explanation:

Overhead costs: all expenses not directly attributed to the production of a good or service (e.g. insurance, legal fees, administrative expenses, etc.)

Costs of goods sold: all costs directly attributed to the production of a good or service (e.g. direct labor, direct materials)

User Jim Scott
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