Manufacturing salaries and wages incurred in the factory are period costs.

Name: Manufacturing salaries and wages incurred in the factory are period costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Manufacturing salaries and wages incurred in the factory are considered part of the cost of producing a product, which makes them product costs, not period costs. Period costs are expenses that are not directly tied to the production process, such as administrative salaries and marketing expenses.

Manufacturing Salaries and Wages Incurred in the Factory Are Period