Selling, General, and Administrative (SG&A) Expenses

In a retail company's income statement, SG&A expenses might include the salaries of sales staff, marketing and advertising costs, rent for office space, and utilities for the administrative offices. These expenses are crucial for day-to-day business operations but are not directly tied to the production of goods sold by the company.

During the budget review, the CFO pointed out that the increase in SG&A expenses was due to the expanded marketing campaign and hiring of additional sales staff.