I have a question for cost of goods sold/cost of services. We have a consultancy agency where we give assistance to the students who want to study abroad. For every consultancy fee that the student is paying, we are deducting fees for the:
1. embassy (application fee per student)
2. referral's fee (our marketing employees are being paid per student that they will refer)
3. documentation fee
4. migration agent's fee

Since these are direct expenses that we are incurring for every student who is availing our service, should I consider these as cost of good sold/cost of services?

Hope you can help me with this...

Assuming this is a real company -- in which case I'm not sure why you're posting this in the homework forum -- you have some leeway on what you want to do with these, especially for a small company that doesn't have to get as picky about things.

Also things like this involve opinion, so there's not always a right or wrong answer.

I would definitely count the application fee, and probably the documentation fees. The marketing I think I'd still have under selling & admin. (Despite that it's a direct cost since it can be directly attributed to each student, I still consider that it's more admin -- i.e. overhead -- than part of "cost of sales.") As for the agent fee, I'm not sure what that even is so couldn't say.

But again, if it's a real company, you can use your own judgment.