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Selling and administrative expenses are normally period costs.
Selling and Administrative Expenses
the combined total of all costs associated with selling a company’s products and managing the company, excluding direct costs of producing goods or services.
Period Costs
Expenses that are not directly tied to product production and are recorded as expenses in the period in which they are incurred, such as selling and administrative expenses.
- Acquire knowledge on the different expense categories in production, including direct materials, direct labor, and overhead costs, and how they affect the cost of goods sold.
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Learning Objectives
- Acquire knowledge on the different expense categories in production, including direct materials, direct labor, and overhead costs, and how they affect the cost of goods sold.
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