Which of the following is not classified as a period cost?

Question

Quizplus · Accepted Answer

Period costs are expenses that are not directly tied to the production process and are typically expensed in the period in which they are incurred. The cost of utilities for the factory building (C) is not a period cost because it is associated with the manufacturing process and is considered a manufacturing overhead, which is a product cost, not a period cost. Costs like toner for the sales department printer, the president's salary, and the annual company holiday party are considered period costs because they are not incurred as a direct result of manufacturing a product.

Which of the Following Is Not Classified as a Period