For both merchandising and manufacturing firms,selling and administrative costs are period costs.

Name: For both merchandising and manufacturing firms,selling and administrative costs are period costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Selling and administrative costs are considered period costs for both merchandising and manufacturing firms, as they are incurred during a particular accounting period and are not directly associated with the production or purchase of goods or services.

For Both Merchandising and Manufacturing Firms,selling and Administrative Costs Are