Period costs
A)are expensed in the same period in which they are incurred.
B)are always variable costs.
C)remain unchanged over a given period of time.
D)are associated with the periodic inventory method.

Question

Quizplus · Accepted Answer

Period costs are expensed in the same period in which they are incurred, rather than being allocated to the cost of goods sold. This includes expenses such as marketing, administrative, and selling expenses.

Period Costs