Period costs
A) are generally 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 period in which they are incurred, as they are not directly tied to the production process and do not become part of the cost of goods sold.

Period Costs