Select the appropriate definition for each of the items listed below.
-A cost that is not inventoried
A)period cost
B)direct cost
C)opportunity cost
D)variable cost
E)indirect cost
F)fixed cost
G)product cost

Question

Quizplus · Accepted Answer

A cost that is not inventoried is typically a period cost, as it is expensed in the period in which it is incurred rather than being added to the cost of a product.

Select the Appropriate Definition for Each of the Items Listed