Forums
Insurance claims for loss of stock and loss of profit
Accountancy
What are standing charges? ( In illustration 11,administrative expenses and finance charges are included as standing charges but not selling expenses)
Answers (4)
Best Answer
Standing charges refer to fixed expense. Total cost remains same irrespective of sells (no of units sold) .so here administrative and finance expense will remain same ,will not change na. But selling expense vary with change in sells . This is more or less same concept which we learn in costing...
