Which of the following statements does NOT describe a period cost?
Multiple Choice
Period costs include all costs involved in acquiring or making a product
Period costs are expensed on the income statement in the period in which they are incurred
Period costs are all the costs that are not product costs
Sales commissions, advertising and executive salaries are examples of period costs in absorption costing.
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
