Asked by
Alecxyia Valdez
on Nov 19, 2024Verified
In a manufacturing company, all costs are period costs.
Period Costs
Costs that are not directly tied to the production of goods and are expensed in the accounting period they are incurred, such as sales and administrative expenses.
- Differentiate between period costs and product costs and comprehend their effects on financial statements.
Verified Answer
VJ
Learning Objectives
- Differentiate between period costs and product costs and comprehend their effects on financial statements.
Related questions
Advertising Is Not Considered as a Product Cost Even If ...
Depreciation on Equipment a Company Uses in Its Selling and ...
Depreciation Is Always Considered a Period Cost for External Financial ...
Selling and Administrative Expenses Are Period Costs Under Generally Accepted ...
The Cost of Shipping Parts from a Supplier Is Considered ...