Period costs
A)are expensed in the same period in which they are incurred.
B)are always variable costs.
C)remain unchanged over a given period of time.
D)are associated with the periodic inventory methoD.

Question

Quizplus · Accepted Answer

Period costs are expensed in the same period in which they are incurred, unlike product costs which are inventoried and expensed when the associated products are sold. Examples of period costs include selling, general, and administrative expenses (SG&A), advertising, and rent for administrative offices.

Period Costs