Active Feet, a Small Manufacturer of Shoes, Hired an Additional

Multiple Choice

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 (an) ____ and a (an) ____, respectively.

A) selling cost/cost of goods sold
B) overhead cost/cost of goods sold
C) selling cost/overhead cost
D) overhead cost/selling cost