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Kortni Combs
on Nov 13, 2024

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Period costs include selling and administrative expenses.

Period Costs

Period costs are expenses that are not directly tied to the production process and are expensed in the period they are incurred.

Selling Expenses

Costs incurred directly and indirectly in selling products or services, including commissions, advertising, and salesperson salaries.

Administrative Expenses

Costs of overall administration and general operations, such as salaries of executive officers and costs of general services.

  • Identify and differentiate between period costs and product (inventoriable) costs.
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AJ
Andre JonesNov 16, 2024
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