For external reporting purposes, it is acceptable to allocate marketing costs to individual jobs.

Name: For external reporting purposes, it is acceptable to allocate marketing costs to individual jobs.
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Quizplus · Accepted Answer

Marketing costs are considered as period costs and are not directly related to the production of a specific product. Therefore, they should be expensed in the period they are incurred and not allocated to individual jobs for external reporting purposes.

For External Reporting Purposes, It Is Acceptable to Allocate Marketing