Which of the following are period costs?
A) Costs related to the manufacture of products
B) Current liabilities on the balance sheet
C) Costs incurred and expensed during the accounting period
D) Current assets on the balance sheet

Question

Quizplus · Accepted Answer

Period costs are costs that are incurred and expensed during the accounting period, such as selling, general, and administrative expenses (SG&A), marketing expenses, and research and development (R&D) expenses. Choices A, B, and D refer to costs or items on the balance sheet, which are typically product costs rather than period costs.

Which of the Following Are Period Costs