Selling,general,and administrative costs are included on the production cost report and included as part of cost of goods manufactured.Selling,general,and administrative costs are treated as period costs and expensed during the period incurred.

Question

Quizplus · Accepted Answer

Selling, general, and administrative costs are not included in the production cost report and are considered indirect costs that are expensed during the period incurred, rather than being allocated to the cost of goods manufactured.

Selling,general,and Administrative Costs Are Included on the Production Cost Report