Period costs can refer to expenditures necessary to finish products during the time period.

Name: Period costs can refer to expenditures necessary to finish products during the time period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Period costs refer to all non-manufacturing costs such as selling, administrative and general expenses incurred by a company during a specific period, and not related to the production of goods or services. They are expenses that occur over time, and not necessarily tied to the completion of a product.

Period Costs Can Refer to Expenditures Necessary to Finish Products