Which of the following costs are not accounted for on the in

Which of the following costs are not accounted for on the income statement?

Indirect labor

Opportunity cost

Legal costs

Direct labor

Solution

It is option B since it is the cost associated with taking one decision over another it is used for decision making but not found in the income statement

Option a is found in the manufacturing overhead which is included in cost of goods sold

Option C in the sellign and admin expenses

option D is found in the cost of goods sold