Costs a company incurs that are not product costs are referred to as

Name: Costs a company incurs that are not product costs are referred to as
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Period costs are costs that are not directly associated with the production of goods or services. They include expenses such as rent, salaries, and advertising. These costs are incurred over a period of time (e.g. a month or a year) and are expensed in the period in which they are incurred, rather than being added to the cost of a specific product.

Costs a Company Incurs That Are Not Product Costs Are