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Cost sheet
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I thought the correct option would be D but it is A Audit fees can't be controlled so I thought why it shouldn't form part of cost sheet when an expense cannot be controlled then why it is shown in cost sheet?
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Best Answer
Administrative Overheads is the cost related with general administration of the entity. It includes the following: (a) Depreciation and maintenance of, building, furniture etc. of corporate or general management. (b) Salary of administrative employees, accountants, directors, secretaries etc. (c) Rent, rates & taxes, insurance, lighting, office expenses etc. (d) Indirect materials- printing and stationery, office supplies etc. (e) Legal charges, audit fees, corporate office expenses like directorsâ?? sitting fees, remuneration and commission, meeting expenses etc.
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