Period costs are classified as either

Question

Quizplus · Accepted Answer

Period costs are expenses that are not directly related to the production of goods or services, but rather are related to the operation of a business as a whole. These costs are classified as either selling expenses or administrative expenses. Selling expenses are costs related to selling and marketing products or services, while administrative expenses are costs related to running a business, such as accounting, legal, and office expenses. Therefore, the best choice is C, selling expenses or administrative expenses.

Period Costs Are Classified as Either