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 expenses that are not directly connected to the production of goods or services, such as administrative and selling expenses. Contribution costs and incurred costs are not common accounting terms. Accrued costs refer to expenses that have been incurred but not yet paid.

Costs a Company Incurs That Are Not Product Costs Are